Fri, 09 Nov 2012 21:08:27 GMT
Asian Currencies trade up on Obama's victory
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