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Excerpt from:  GFT Analysts in the News
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May 07, 2008

Asian Currencies Decline in Forex Trading

Korean won leads emerging markets down in currency trading
Asian currencies in emerging markets are heading down in currency trading on the FX market this morning. Thanks to worries over the credit crisis, as well as widening trade deficits due to record oil prices, Asian currencies are struggling in forex trading.

This downward trend by emerging markets in Asia is led by the Korean won, which has been especially hard hit and is down 8.6 percent on the year.

Other Asian currencies having trouble in forex trading right now are the Philippine peso and the Indonesian rupiah.
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PermalinkAsian Currencies in Forex Trading
.Emerging markets and currency trading on the FX market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  Asian currencies, currencies forex trading, currency trading, emerging markets currency trading, forex trading, FX market, Korean won, record oil prices
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