Sat, Apr 19, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Asian currencies fall as European debt crisis curbs risk-taking

Posted on 23 May 2011

Asian currencies weakened, led by South Korea’s won and Singapore’s dollar, as Europe’s worsening sovereign-debt crisis reduced demand for higher-yielding emerging-market assets.
The MSCI Asia-Pacific Index of regional shares dropped to the lowest level since March after Fitch Ratings cut Greece’s credit rating by three levels on May 20, citing the challenge of fiscal and structural reform needed to secure the state’s solvency. Standard and Poor’s lowered Italy’s rating outlook to negative on the same day……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930