Sun, Jun 09, 2013 - Page 15 News List

Asian currencies break four-week losing streak

Bloomberg

The 17-nation euro reached a three-month high against the dollar as European Central Bank President Mario Draghi said the region’s economy should recover this year.

The British pound was the second-best performer this week among the US dollar’s 16 most-traded counterparts tracked by Bloomberg, trailing only the yen. The New Zealand and Australian dollars were the biggest losers, both sliding 0.7 percent.

Sterling gained 2.4 percent versus the US currency, its biggest weekly gain in more than three years. The pound gained 0.6 percent against the euro to £0.8504.

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