Most emerging Asian currencies rose on Friday and were headed for weekly gains after the European Central Bank outlined a long-awaited bond-buying programme to tackle the euro zone’s debt crisis, boosting risk sentiment. The South Korean won and the Taiwan dollar gained 0.3 per cent against the U.S. dollar, respectively, while the Philippine peso and the Malaysian ringgit n advanced 0.2 per cent.
via Business feed http://www.scmp.com/business/money/market-snapshot/article/1031438/emerging-asian-currencies-gain-ecb-news
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