Conjecture about the central banks of the globe's two largest economies employing measures to spur those economies benefited monetary units of Asia on Thursday, according to Bloomberg.
The Malaysian ringgit pushed to a two-week high and the won of South Korea achieved a fifth day of gains, marking its longest bullish run in about one month. Both the rupee of India and the baht of Thailand climbed in value as well.
"The market is hoping that some stimulus measures from the U.S. and China are on the table," currency strategist Irene Cheung with Australia & New Zealand Banking Group told the news service. "This will be supportive of risk assets."
But dangers are still ever-present for economic systems in Asia due to the sovereign debt crisis tearing through the euro zone, according to the Asian Development Bank. Some regional economies might have to employ easing to compensate, the bank said.
Reuters reports traders and investors in the subcontinent were vigilant about gains to the rupee as nationwide banks sold the world's reserve currency.
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