Sun, Sep 01, 2013 - Page 15 News List

Rupee, rupiah lead monthly fall in Asian currencies


The British pound was the biggest winner last month among the greenback’s major counterparts, with a 2.6 percent gain. Mexico’s peso was the biggest loser, sliding 4.3 percent, while the Brazilian real dropped 4 percent.

The British pound also had its biggest monthly gain versus the euro since January as Bank of England Governor Mark Carney said forward guidance would help the economic recovery in his first policy speech since taking over on July 1. He also said the bank is focused on sustaining the economic recovery despite the “inevitable shocks ahead.”

The pound rose 2.6 percent to £0.8529 per euro last month.

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