Commodity prices fell broadly as a plan to fix Greece’s crippling debt crisis remained far from settled, renewing concerns about global economic growth.
Category: Currency
Gold reprises haven role in four-day rally
(Reuters) – Gold hit one-month highs on Wednesday in its longest stretch of gains in over two months as investors sought the safety of bullion in the face of an uncertain outcome to a key EU summit and after a…
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South Korea and Indonesia move on currencies
The Bank of Korea has become the latest central bank to step into the money markets in a bid to stabilise its currency.
The Korean won has declined by 10% against the US dollar in the past month, and the bank said it was taking appropriate steps to stem the falls.
The move follows a similar action by the Indonesian central bank on Thursday to shore up the rupiah.
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