Sun, Dec 09, 2012 - Page 15 News List

US budget woes hit Asian currencies

ALARM ABROAD:All eyes are on the US and the EU as they struggle to resolve their fiscal issues, and the gloomy sentiment put an end to Asian currencies’ 15-month high


The euro has lost 2.5 percent this year, the second-worst performer among the 10 developed-market currencies tracked by Bloomberg Correlation-Weighted Indexes. The yen slid 9.5 percent and the US dollar fell 2.2 percent.

The Dollar Index, which IntercontinentalExchange Inc uses to track the greenback against currencies of six US trading partners, rose 0.3 percent to 80.412, for its first gain in three weeks.

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