Sun, Mar 16, 2014 - Page 15 News List

Won leads drop, NT dollar posts worst week this year


The euro rose 0.3 percent to US$1.3914 and touched US$1.3967, the highest since October 2011. The sixth week of gains is the currency’s longest stretch since 2007.

The yen gained 1.9 percent — the most since the five days ended on Jan. 24 — to ¥101.36 against the greenback this week, while adding 1.6 percent to ¥141.03 per euro.

In London, the pound posted straight weekly losses against the greenback and the euro, after Bank of England Governor Mark Carney said the bank will not sell all of the £375 billion (US$622 billion) of gilts bought in its asset-purchase plan.

Sterling fell 0.5 percent this week to US$1.6622 and declined 0.8 percent to £0.8370 per euro.

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