INTERNATIONAL FOREX OUT LOOK : 28.11.13

• The dollar touched a six-month high against the yen after signs of improvement in the world’s largest economy boosted the allure of U.S. assets.
• The real declined for a third day as speculation that the Federal Reserve will curtail U.S. monetary stimulus outweighed the Brazilian central bank’s efforts to bolster the currency.
• The price of Bitcoin surpassed $1,000 on the Mt. Gox online exchange, fueled by speculators snapping up the virtual currency as it gains wider acceptance.
• Britain’s consumer and housing- driven recovery, the fastest among Group-of-Seven nations, risks losing steam unless export growth picks up, economists said.
• The Canadian Dollar touched the weakest level against its U.S. counterpart since July as the price of crude oil, the nation’s biggest export, declined for a fourth day.
• The won touched a two-week low on concern South Korean exporters are losing competitiveness against their Japanese rivals as the yen declines. Government bonds fell.
• Indonesia’s rupiah fell toward 12,000 per dollar after a failed debt sale added to concern fund inflows are slowing on the prospect of a cut in stimulus by the Federal Reserve.
• Malaysia’s ringgit forwards dropped for a seventh day, the longest losing streak since July, and bonds fell as U.S. economic data added to the case for the Federal Reserve to trim monetary stimulus.
• The dollar rose to a six-month high against the yen as an unexpected drop in U.S. jobless claims and a rise in leading economic indicators added to speculation the Federal Reserve may start reducing stimulus next month.
• The pound rose to the strongest level since January against the dollar after a government report confirmed Britain’s economic growth accelerated in the third quarter, boosting demand for U.K. assets.
• The ruble weakened to its lowest in more than four years as company purchases of foreign currency for debt payments added to concern that Russia’s economic growth is flagging.