Rise of the Asian currencies
02 February, 2012
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| David Lim, Julius Bear |
Huge demand for ‘dim sum’ bonds shows growing interest in Asian currencies as private clients scale back US dollar exposure and turn to regional opportunities
An increased self-confidence in their own region’s growth and assets, a parallel weakening of Western economic fundamentals and a quest for diversification have led wealthy Asian private investors to re-think currency needs and question their investment identity and mentality, claim bankers.