Won spearheaded Asian currencies amid cheaper oil

Source: Bloomberg
© scanpics/RS
Asia's currencies showed gains this week, led by South Korea's Won and Taiwan's Dollar, thanks to the expectation that the decline in oil prices will stimulate trade balances in the region. Meanwhile, Brent crude reached their lowest level since March 2009 and was traded at $48.30 per barrel. In the meantime, the Won as well as Taiwan's Dollar have added 1.1% versus the US Dollar since Monday.
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