Corporate foreign exchange news

Asian currencies strengthened in foreign exchange trading

Wednesday, 21 December 2011 09:46:25 GMT

Published by Jamie Jemmeson
The latest foreign exchange trading data has revealed that a number of Asian currencies are strengthening their positions in worldwide markets.
Bloomberg has suggested these are being led by the South Korean won, while China is also making efforts to boost trade.
Chinese premier Wen Jiabao wrote on the government's website that more will be done to bolster exports in the country and help will be given to small businesses, all of which could result in trading rises.
The yuan immediately advanced in the aftermath of the politician's comments, adding 0.16 percent to reach 6.3248 per dollar.
Albert Lee, a fixed income trader at Cathay United Bank said: "Risk sentiment is running high today as there's some strong and positive news out there supporting stocks. But concerns over Europe are still looming."
Earlier this week, the news source revealed various currencies had been adversely affected by the death of North Korean leader Kim Jong Il.
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