Sun, Feb 09, 2014 - Page 15 News List

Peso, baht lead Asian currencies’ rise

MIXED OUTLOOK:The US dollar also fell against 10 major currencies, eg, the yen and the euro, as US manufacturing and payroll reports point to an uneven recovery


The pound fell for a second week against the US dollar, as reports showing UK manufacturing and services slowed last month strengthened the case for the Bank of England to keep interest rates at a record low.

The UK currency fell 0.3 percent in the week to US$1.6397 on Friday. It also weakened 1.2 percent to £0.8302 per euro, the biggest weekly decline since the period ending Feb. 15 last year.

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