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“Our bias towards low-yielding currencies has taken a major hit over the past week, although we do not see a strong case for exiting the view.”
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“Significant moves in oil prices have historically proven to be a significant negative for Asian currencies, to the extent that higher energy prices can hurt external balances and put a brake on growth in the region.”
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“We would view the G-7 outcome as simply another reason to be positive on Asian currencies.”
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