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Quantitative easing harming real estate markets and currency in Asia

Posted on 25 October 2012

Policymakers in Asia are facing increasing pressure to step in and stem the rise in their currencies because of the problematic side effects of quantitative easing in the U.S, CNBC reported. Excess liquidity generated by the third round of quantitative easing in September has quickly made its way into Asian markets, as investors search for higher yields.
The Hong Kong Monetary Authority was the latest to intervene in the currency market with the city’s central bank selling HKD603 million (US$77.8 million) on Saturday after the currency hit the upper limit of its trading range………………………………………..Full Article: Source


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