Summary
Asia knows all too well the power of currency markets to wreak havoc on regional economies - the upheavals of the Asian financial crisis of the late 1990s ensured that.
This time around, currency speculators are bestowing a windfall on Asia, as exports made cheaper by the weakening U.S. dollar surge, and rattling Europe, as euro-denominated exports become ever more costly, possibly imperiling fragile, export-led recoveries.See the full content of this document
Extract
Feeble Dollar Benefits Asia
For China, Malaysia and Hong Kong - and many other Asian countries whose currencies are more loosely linked to the greenback - a cheaper dollar is adding fuel to an already sizzling export boom.
"Overall, the strong euro means that all Asia b...See the full content of this document
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