匯率

Asia exporters braced for currency pain

Unexpectedly upbeat economic data in recent weeks have boosted Asia-Pacific currencies against the dollar, causing governments to worry that rising exchange rates may hurt exporters.

Surging investment in stock markets in South Korea, Taiwan and Thailand has also strengthened currencies.

Anxieties are particularly high as the renminbi, which does not trade freely, has stayed stable against the dollar, giving Chinese exporters an advantage over Asian rivals.

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