Sun, Mar 24, 2013 - Page 15 News List

Asian currencies, euro flattened by worry over Cyprus

Bloomberg

The British pound gained for a second week against the greenback as some Bank of England policymakers said further easing may cause “unwarranted” currency weakness. The yen appreciated by the most since November as Bank of Japan Governor Haruhiko Kuroda failed to announce fresh stimulus.

Sterling gained 0.8 percent to US$1.5230, its second weekly advance. The currency touched US$1.4832 on March 12, its weakest level since 2010.

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