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Asia currencies 'may weaken further'

Asian currencies have seen a lot of volatility in recent weeks, with some of the region's leading economies seeing their currencies fall against the US dollar.

The depreciation is impacting countries in different ways.

Japan - which relies heavily on exports for growth - is benefiting, but some other countries have warned that they are being hurt by the fall in the value of the Japanese yen.

While depreciation for export-led economies might be good, for countries that rely heavily on imports, such as India, it is not.

Market analyst Will Hedden from IG Asia told Asia Business Report that there are two key factors involved in influencing currency movements and said Asian currencies may weaken further.

  • 02 Jul 2013