Asia Steps Up Currency Defense as Mideast Strife Roils Market [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
Most Read from Bloomberg Elon Wants His Money Back Dubai Grinds to Standstill as Flooding Hits City Israel Reported to Have Launched Retaliatory Strike on Iran Record Rainfall in Dubai? Blame Climate Change, Not Cloud Seeding Oil Erases Advance After Iranian Media Downplays Israel's Attack Bank Indonesia increased its interventions on Friday to support the rupiah and urged government-backed firms to avoid making huge dollar purchases. The State Bank of Vietnam's deputy governor said it was ready to intervene in the foreign exchange market “even today if needed.” With the won shy of a 17-month low against the greenback, South Korea pledged to respond immediately to excessive currency market volatility. Asian currencies have slid precipitously against the dollar as investors lose hope of imminent reduction to US borrowing costs. Buying of haven currencies, such as the dollar, the Swiss franc and the yen, intensified Friday after Israel launched a missile strike on Iran, a
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News
- FOREX-Japan's yen surges against dollar on suspected intervention [Yahoo! Finance]Yahoo! Finance
- FOREX-Japan's yen jumps 5 yen against dollar on suspected intervention [Yahoo! Finance]Yahoo! Finance
- Singapore Bank Fires Workers Over Misuse of Medical Claims: CNA [BNN Bloomberg (Canada)]BNN Bloomberg
- Instant View: Bank of Japan keeps rates steady, tweaks JGB buying plan [Yahoo! Finance]Yahoo! Finance
- Bank of Japan keeps rates steady, tweaks JGB buying plan [Reuters]Reuters