Sun, Nov 24, 2013 - Page 15 News List

Asian currencies decline as foreign investors sell stocks

Bloomberg

The yen fell 1.5 percent this week to ¥137.28 per euro after touching ¥137.35, the weakest level since October 2009. The Japanese currency slipped 1.1 percent to ¥101.27 per US dollar after reaching ¥101.35, the least since July 8. The shared currency rose 0.5 percent to US$1.3558.

The Bloomberg US Dollar Index, which tracks the currency against 10 major counterparts, rose 0.2 percent to 1,018.56.

The pound strengthened for a third week against the US dollar as a report showed UK factory orders climbed to the highest level in almost two decades, spurring demand for Britain’s currency.

The pound advanced 0.6 percent this week to US$1.6208 as of 5:15pm in London on Friday after gaining 1.2 percent during the previous two weeks. It appreciated 0.2 percent to £0.8356 per euro after climbing to £0.8317 on Friday, the strongest level since Nov. 7.

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