28.04.2011 - Asian currencies rise as Fed’s monetary stance spurs inflows
Asian currencies strengthened, led by South Korea’s won, after the Federal Reserve renewed a pledge to keep U.S. interest rates low, supporting a global economic recovery and spurring demand for higher-yielding assets. All of the region’s 10 most-used currencies excluding the yen gained this year as the world’s fastest economic growth and interest-rate increases helped attract funds..............................................Full Article: Source
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