Bank bill futures for December delivery dropped to the lowest in more than two weeks on the Sydney Futures Exchange yesterday, indicating a 62 percent chance the central bank will boost borrowing costs after a government report showed consumer prices rose last quarter at the fastest pace since 2006.
European Central Bank council member Erkki Liikanen said the single currency isn’t in crisis, even after a third country in the bloc sought a bailout and as Finland’s next government may limit the region’s rescue tools.
Three people have been arrested in the Bihar capital for running a fake currency unit and circulating counterfeit notes, police said Tuesday.
The following events and economic reports may influence trading in Asia’s bonds and currencies today. Bond yields and exchange rates are from the previous trading session unless stated otherwise.
South Korea’s financial regulator and central bank announced a probe into lenders’ trading of foreign-exchange derivatives as the won’s surge to the highest levels since September 2008 threatens to undermine an export-led recovery .
Cash-strapped Belarus announced Tuesday that it would allow its beleaguered national currency to float, effectively permitting its devaluation in a bid to ease a spiraling currency crisis.
Iran's foreign exchange reserves stands at 100 billion dollars, Finance and Economy Minister Shamseddin Hosseini told reporters in Washington on Sunday. Hosseini also put the nation's foreign debt at 20 billion dollars.