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

Bloomberg

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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