Asian economies consider currency revaluation
This is a South Korea news story, published by Yahoo Finance, that relates primarily to Tohru Sasaki news.
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Business & Economics
Analysis-Why China's neighbours may want currency deals with Trump

77% Informative
A stronger currency has historically meant a competitive disadvantage for Asian exporters.
Revaluation may now be the least costly bargaining chip in scramble for favourable trading terms with U.S. Trump's April 2 reciprocal tariffs, ranging from 25% for South Korea to 46% for Vietnam , were suspended for 90 days but could kick in on July 8 , unless deals are struck.
HSBC 's Neumann reckons currency deals will not be ironclad and could at most be broad statements of principles on currency management.
Tohru Sasaki , chief strategist at Fukuoka Financial Group , says any kind of currency accord, similar to the 1985 Plaza Accord to weaken the dollar is unlikely.
VR Score
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