The won climbed to the highest level since August 2008 on speculation South Korean authorities will allow it to appreciate.
South Korea’s won will post its worst quarter in a year as Europe’s financial crisis saps demand for exports, according to Credit Suisse Group AG, the top forecaster.
Credit Suisse Group AG cut its forecast for the euro, saying the Greek debt crisis has dented the 16-nation currency’s credibility as a safe alternative to the dollar for many investors.
Natural gas in New York fell from a five-year high before the release of a government report that may show an above-average supply drop.
The rupiah will go from worst to first among Asian currencies this year as Indonesia’s resilient economy and a shrinking current-account deficit draw funds to the nation’s assets, the most accurate forecaster says.
The yen may slide another 18 percent as the Bank of Japan’s efforts to expand the money supply spur domestic investors to shift assets overseas, according to Credit Suisse Group AG.
Bank of Japan Governor Masaaki Shirakawa ’s success in weakening the yen may hinge on Ben S. Bernanke .
Malaysia’s ringgit rallied the most since 2010 and stocks rose to a record after Prime Minister Najib Razak won a clear majority in the election, giving him a mandate to continue his economic reforms.
From coal to iron ore, soaring commodity prices are paving the way for the Australian dollar to rebound from its worst first quarter in five years.
Global investment banks are recommending buying Indian assets on optimism a leadership change at the central bank will be followed by a new government that businesses favor next year.
"The current-account surplus is continuing to prove stronger than expected."
- Ray Farris on Apr 09, 2014
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