19.10.2010 - W.Bank: Rising Asian currencies pose growth risk

From Smh.com.au: The World Bank warned Tuesday that capital inflows into fast-growing East Asian economies have inflated regional currencies and could threaten growth by making exports less competitive. "Appreciating exchange rates so far have not crippled the recovery, but further appreciation will bear close watching," said the World Bank, pointing out that regional currencies are 10-15 percent above pre-2008 crisis levels..............................................Full Article: Source

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