Sun, Jan 13, 2013 - Page 15 News List

Japan policy lifts Asian currencies

GROWTH TRACK:Strong Chinese exports last month also lent support to the region’s currencies. The euro also advanced as the ECB president talked of a recovery

Bloomberg and CNA, TAIPEI

The yen lost 1.2 percent to ¥89.18 per US dollar in New York trading this week and reached ¥89.45, the weakest level since June 28, 2010. It was the currency’s ninth weekly loss, the longest stretch since the 10 weeks that ended in February 1989. The Japanese currency tumbled 3.3 percent to ¥119.01 per euro in its fifth weekly loss and touched ¥119.35, the lowest since May 2011.

The euro gained 2.1 percent, the most since the five days ended Sept. 14, to US$1.3343.

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