Asian Currencies trade up on Obama's victory

Note: This section contains information in English only.
Source: Bloomberg
Asian currencies gained throughout this week, as Obama's victory in the presidential election improved the likelihood of increasing the supply for the U.S. Dollar.  Chinese yuan has been advancing for 14 consecutive weeks on expectations for government to introduce more monetary stimulus to boost up the inflation. The Taiwan Dollar gained 0.5% this week to NT$29.150 versus dollar, while South Korean won, Thailand's baht and Philippine Peso surged 0.3% to 1,087.85, 30.65 and 41.052, respectively.
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Fri, 09 Nov 2012 17:19:01 GMT

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