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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (62303)	3/25/2002 12:54:16 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Asian Currencies Seen Falling on Yen's Weakness; Rupiah Gains By Christina Soon quote.bloomberg.com Singapore, March 25 (Bloomberg) -- The South Korean won's fall for an 11th day in 12 may lead a slide in Asian currencies on expectations the yen will add to its 11 percent slide in the past six months, luring buyers away from the rest of the region. A weakening yen enables Japanese companies to lower prices, attracting overseas consumers to their goods and sapping foreign exchange proceeds exporters elsewhere in Asia can switch into their domestic currencies. ``If the yen were to keep falling, which is our view, there's no reason why the other regional currencies shouldn't be falling,'' said Enzio von Pfeil, chief executive of Commercial Economies Asia Ltd. ``Ultimately, it's Japan that's going to set the tone for competitiveness in the region.'' The won slid as much as 0.2 percent to 1,330.60 against the dollar, the lowest level since Jan. 25 and bringing losses in the past six months to 1.9 percent. It recently traded at 1,329.90.