Asia Forex: Can The Rally Last?

September 2004 | Market Strategy

Asian currencies have surged to multi-week - or even multi-month - highs against the US dollar this week. One factor behind this is undoubtedly robust equity inflows, with Indonesia's JKSE testing April's all-time high of 818, while Singapore's Straits Times index closed at a 45-month high of 2,004. Other bourses to have gained lately include India's Sensex and the Thai

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