Sun, Apr 07, 2013 - Page 15 News List

Yen leads drop in Asian currencies on BOJ measures

Bloomberg and Staff writer, with CNA

Elsewhere in Asia, China’s yuan closed at 6.2030 per US dollar after touching a 19-year high of 6.1986 on Tuesday before markets closed for holidays on Thursday and Friday. Indonesia’s rupiah fell 0.2 percent to 9,753 and Vietnam’s dong was at 20,925.

POUND RALLIES

The British pound rallied from a two-week low against the US dollar after an industry report showed Britain’s services output expanded more than forecast last month.

A gauge of UK services output based on a survey of purchasing managers rose to 52.4 last month from 51.8 in February, Markit Economics and the Chartered Institute of Purchasing and Supply said in London on Thursday. Economists surveyed by Bloomberg News forecast a reading of 51.5.

The pound rose 0.9 percent in the week to US$1.5336. It climbed to US$1.5363 on Friday, the most since Feb. 20.

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