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Asian currencies strengthen for a second week

Posted on 05 September 2011

Asian currencies strengthened for a second week, led by South Korea’s won and Malaysia’s ringgit, as optimism that the global economic recovery is intact bolstered demand for emerging-market assets.
The Bloomberg-JPMorgan Asia Dollar Index touched a two-week high and the region’s stocks completed a second weekly advance as global investors pumped more than $1.6 billion into equities in South Korea and Taiwan……………………………………….Full Article: Source


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