Sat, Mar 28, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies, Market Pulse more

Weaker currencies no cure for Asia’s slump

Posted on 27 February 2009

From IHT: Tumbling exports have prompted Taiwan and Thailand to push down their respective currencies, but an Asia-wide round of depreciation is unlikely because of fears it would hurt consumer spending and bring capital outflows.

Weaker currencies contributed to the region’s export-led recovery from the 1997-8 financial crisis, but analysts say the current export slump has been caused largely by collapsing demand in the West, where economies are falling deeper into recession….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 39856 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031