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Currencies: Asia Asian currencies strengthened, led by Malaysia's ringgit (the basic monitory unit of Malaysia, equal to 100 sen) and Taiwan's dollar, after a decrease in oil prices encouraged investor confidence in emerging-market assets. After Saudi Arabia offered to make up replica audemars piguet jules audemars for crude supplies lost because of the unrest in Libya, the Dollar Index rose giving hope to investors. A factory-output gauge in China increased more than forecast in a Bloomberg survey, brightening the outlook for the region's exports. The MSCI Asia- Pacific Index of regional shares gained after oil fell 0.9 percent yesterday.
"The rate of increase in oil prices has certainly stalled and equity-market sentiment has also stabilized," said Jonathan Cavenagh, a currency strategist in Singapore at Westpac Banking Corp. The ringgit 0.2 percent to 3.0430 per dollar as of 11:18 a.m. Kuala Lumpur. The Taiwan dollar gained 0.5 percent to 8,811. Australia The Australia dollar weakened after the central gerald genta retro classic replicas bank left its benchmark interest rate unchanged and said annual inflation is likely to be consistent with policy maker's target of between 2 and 3 percent. The currency dropped to $1.0171 as of 2:36 p.m. in Sydney from $1.0185 before the Reserve Bank of Australia announcement. U.S The dollar came to a month low in resistance against the euro on speculation Federal Reserve Chairman Ben S. Bernanke may make some comments on how jobs are growing, and the nation's assets being in less demand. The European Central bank President Jean-Claude Trichet too is close on heals to announce interest rate rise this week, looking at how the dollar has been low against the euro. Australia's dollar was inside to 0.5 percent of a record high against its U.S. counterpart after a report showed Chinese manufacturing growth moderated, easing pressure on policy makers to raise borrowing costs further to a controllable inflation. cheap zenith defy classic open watches "Investors are wary that Bernanke will play down the recent encouraging signs in the U.S economy in favor of caution about high unemployment and low underlying inflation," said Mike Jones, a currency strategist at Bank of New Zealand Ltd. in Wellington. "We've seen the U.S. dollar on the back foot on expectations the Fed will maintain a relatively loose policy against rate hikes in the euro-zone. That will continue." fake bell ross for sale The dollar came down to $1.3822 per euro at 10:05 a.m. in Tokyo from $1.3806 in New York yesterday, when it climbed up to $1.3856, the weakest since Feb. 2. It dropped to $1.6291 per pound from $1.6257, after earlier dropping to $1.6299, the least since Nov. 4. The greenback was at 97.12 Canadian cents from 97.16 cents, after touching 97.06 cents, the lowest level since November 2007. Europe The euro advanced against the yen and the dollar as speculation grew that the European Central Bank policy makers deal patek philippe dual time replicas with inflation related problems by raising interest rates. cartier replica paypal The single currency increased to 113.26 yen as of 9:37 a.m. in Tokyo from 112.91 yen yesterday in New York. The euro gained 0.2 percent to $1.3827. www.gnutrade.com