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Asian currencies have best quarter since 2010 on stimulus

Posted on 01 October 2012

Asian currencies had the best quarter in two years after global policy makers announced plans to pump money into financial markets to support growth, spurring capital flows into higher-yielding assets.
The Bloomberg-JPMorgan Asia Dollar Index, which tracks the region’s most-active currencies, rose 1.8 percent since June 30 as the Federal Reserve, the European Central Bank and the Bank of Japan expanded bond-purchases programs to lower borrowing costs………………………………………..Full Article: Source


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