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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (16955)11/27/2004 9:58:22 PM
From: RealMuLan  Read Replies (1) of 116555
 
Asia frets as currencies near pre-crisis levels

SINGAPORE: The conventional wisdom is Asian central banks are holding back currency strength to protect their exporters.

Analysts say they could also be driven by a sense of deja vu as the South Korean won and some other Asian currencies approach levels last seen before the 1997/98 financial crisis.

They’re worried about excessive gains in their currencies lest they be dragged down later as global growth slows.
dailytimes.com.pk
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