Asian currencies resilient
The currency worst hit by the disaster was the Thai baht, opening marginally weaker at 39.05 against the dollar on December 27 from 38.98 the previous week, because of concerns about the impact the disaster would have on the country’s tourism industry. But the currency bounced back and reached 38.95 by last Friday amid bearish dollar sentiment – which remained the dominant factor in the forex market, said analysts.
A senior dealer at a global bank in Hong Kong said the longer-term impact the
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