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Currencies throughout Asia have welcomed the news that the Dollar has tumbled to a near 3-month low. A number of different currencies in the region have advanced against the Greenback, with the weakening momentum for the Dollar benefiting the Indian Rupee the most at time of writing. The indications that the market is turning more negative towards the Greenback would represent very positive news for emerging market currencies in particular, which have received a pounding over the past couple of months in response to the prolonged Dollar strength in the market. This can be seen during... Read More
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