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Asia currencies ‘may weaken further’

Posted on 03 July 2013

Asian currencies have seen a lot of volatility in recent weeks, with some of the region’s leading economies seeing their currencies fall against the US dollar. The depreciation is impacting countries in different ways.
Japan - which relies heavily on exports for growth - is benefiting, but some other countries have warned that they are being hurt by the fall in the value of the Japanese yen. While depreciation for export-led economies might be good, for countries that rely heavily on imports, such as India, it is not……………………………….Full Article: Source


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