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Asian Currencies to Cheer End of China Bashing
Nov 8th 2012, 05:55

Asian currencies have had a good run so far this year against the U.S. dollar, and analysts expect further upside as President Barack Obama's re-election signals an end to China bashing and raises hopes of further monetary easing. Obama's Republican challenger Mitt Romney had said he would label America's second largest trading partner a currency manipulator on his first day in office and also indicated that the Federal Reserve Chairman Ben Bernanke may not get another term. But these risks are now over, said forex analysts, and Asian currencies should benefit from this end to uncertainty. Nomura currency strategists Craig Chan and Prateek Gupta wrote in a note on Wednesday that the risk of...

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