U.S. Congress reached a "financial cliff" solution promote the appreciation of Asian currencies, worried about the economic recovery hit, governments have taken measures, South Korean officials threatened to take measures to prevent currency appreciation, central bank of Taiwan, Singapore and Thailand are also reported to intervene.
Today, Asian currency, Japanese yen against the U.S. dollar rebounded; earlier hit a 29 month low. Yen fell yesterday by U.S. lawmakers passed a bill on Tuesday to escape the "financial cliff", support investor's appetite for risk assets.
Today, Asian currency, Japanese yen against the U.S. dollar rebounded; earlier hit a 29 month low. Yen fell yesterday by U.S. lawmakers passed a bill on Tuesday to escape the "financial cliff", support investor's appetite for risk assets.
