1. Weak € a blessing for European
exporters to Asia
Asia´s Currencies gain vs USD and EURO
16% year-to-date appreciation in 2010
Europe´s exporters are profiting
12% significantly from this trend Against USD
Against EURO
8%
4%
Source: RMB HK$ Rupee Rupiah Won Ringgit Sing$ NT$ Baht
CLSA China Hong Kong India Indonesia Korea Malaysia Singapore Taiwan Thailand
April 16, 2010
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