03.08.2015 - Asian currencies set to plumb new lows amid slowing China demand
Slowing China demand could see countries assume weaker currencies to gain export advantages in a difficult global trading environment. Dive, dive, dive is the submariner's instinctive reaction to danger and it is a strategy, though not without its own risks, that Asia's policymakers may have to apply to their own currencies as local economies get caught in the wash of events in China and the United States. Projections for Asian economies, predicated on ever-increasing demand from China for Asia's goods and services, are already obsolete as Beijing seeks to pare the pace of economic expansion to what it perceives to be a more self-sustainable rate...............................................Full Article: Source
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