Currencies in Asia grow strong, lose trend.

Story link: Currencies in Asia grow strong, lose trend.

Currencies in Japan, South Korea, Thailand, and Taiwan all reached record highs against the US dollar this week.

Hoever, earlier hopes of currency stablisation measures being agreed at the coming G7 summit slightly weakened the Asian currencies by the end of the week.

Hopes that China would be successfully pressured to revaluation of the renminbi were unsustained, and European concerns about the weakness of the US dollar have yet to see any positive response from Washington.