Monday, June 4, 2012

Asian currencies squashed sentiment China and Europe


JAKARTA . Economic Report of the United States and China are showing signs of a global slowdown to Asian currencies fell . Bloomberg index JP Morgan Asia Dollar down 0.4 % . Indian rupee fell 1.1 % to eg 55.98 . This is the lowest level of all time . While the dollar index touched 113.74 Asia . That is the lowest level since September 2012 .

Malaysian ringgit fell 1.1 % participate in this week to 3.19 per dollar at 4:32 when Kuala Lumpur . Besides Taiwan dollar also fell 0.9 % to NT $ 29.931 . That is the lowest weekly level since September .

China's economic slowdown is indicated by a slowing of China's manufacturing report . Far from the expectations of analysts surveyed by Bloomberg . " Manufacturing data surprising and much lower than expected . Especially with the weakening of import demand data and trends , " said Irene Cheung , Currency Strategist Australia & Newzeland Banking Group as quoted by Bloomberg . Sentiment in the market leverage issue is also very dry . Coupled with the condition of Europe which is still horrible .

Not to mention the unemployment data are still poor in America . The data show a lot of people who filed for unemployment benefits Amerka on May 26 last .

These conditions prompted investors out of Asian markets . In South Korea and Taiwan last month showed that out of foreign funds reached U.S. $ 7.3 billion . Action also has also hit Indonesia, where foreign exchange is sold shares of U.S. $ 825 million . Sell ​​shares on foreign exchanges Thailand amounted to U.S. $ 470 million .

" There is concern about the outlook for exports after a slowdown in Europe is also in China , " said Kozo Hasegawa , trader Sumitomo Mitsui Banking Group in Bangkok .(Kontan)

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