Tuesday, May 1, 2007

Asian Currencies: Korean Won Drops to Two-Week Low, Taiwan Dollar Slips

(Bloomberg) -- South Korea's won fell to the lowest in two weeks as the extra yield investors get for buying the nation's bonds compared with U.S. Treasuries narrowed.

Yields on U.S. government debt rose yesterday after a report showed manufacturing growth accelerated in the world's biggest economy and on speculation a report today will show factory orders quickened in March. The won dropped 0.5 percent since the central bank April 26 said the current-account deficit widened to the most in almost a year.


Read more at Bloomberg Currencies News

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