Reporter

It’s been a tough year for Asian currencies, but news this week that the US Federal Reserve would maintain its monetary stimulus programme sent them bouncing back against the dollar, providing hefty returns for taper-sceptic investors.

Reacting to the widely unexpected Fed decision the previous day, the Malaysian ringgit rose 2.6% against the greenback on Thursday, while the Indonesian rupiah surged 4.21%.

News this week that the US Federal Reserve would maintain its monetary stimulus programme sent Asian currencies bouncing back against the dollar

Anna Irrera

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Trade of the Week: the taper bounce

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