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It’s time to buy Asian currencies

Posted on 23 September 2013

The world’s biggest foreign-exchange traders say it’s time to buy Asian currencies as outflows from the region ebb and the Federal Reserve’s decision to maintain record stimulus helps reverse a four-month slide.
The Bloomberg-JPMorgan Asia Dollar Index has risen 1.4 percent since Aug. 30, set for the best month since September 2012. Investors pumped US$1.4 billion into equity funds in Asian emerging markets in the week ended Sept. 18, the second straight period of inflows, according to EPFR Global data………………………………..Full Article: Source


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