Asian currencies appreciate on region's enhanced economic outlook

Note: This section contains information in English only.
Source: Bloomberg
© scanpix/AFP
Asia's currencies are set to gain this week, driven by optimism the regional economy will recover, and Philippine peso. The currency appreciated 0.6% to 41.073 per dollar, while the South Korean Won strengthened 0.5% to 1,086.25 and Malaysia's Ringgit surged 0.5% to 3.0591 this week. Meanwhile, the Chinese currency Yuan added 0.13% to 6.2277. The economic outlook improved as Chinese manufacturing expanded, Taiwan's exports increased more than expected and Malaysia's GDP rallied 5.2%.

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