03.07.2013 - Asia currencies 'may weaken further'
Asian currencies have seen a lot of volatility in recent weeks, with some of the region's leading economies seeing their currencies fall against the US dollar. The depreciation is impacting countries in different ways. Japan - which relies heavily on exports for growth - is benefiting, but some other countries have warned that they are being hurt by the fall in the value of the Japanese yen. While depreciation for export-led economies might be good, for countries that rely heavily on imports, such as India, it is not.....................................Full Article: Source
Print