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Best forecasters see Asian currencies rally

Posted on 16 January 2013

For the first time in three years, Asia will lead a rally in emerging-market currencies as rising global trade lifts the region’s exports, according to the most- accurate foreign-exchange forecasters.
India’s rupee will climb 5 percent in 2013 after losing 17 percent over the past two years, according to Oversea-Chinese Banking Corp Ltd, the best forecaster based on data compiled by Bloomberg News. The Philippine peso will gain 4.3 percent to its highest since 1999, said Standard Chartered Plc and Wells Fargo & Co, which tied for second. That would put them among the top-three developing-nation currencies, Bloomberg News data show………………………………………..Full Article: Source


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