Asian Currencies Rise for Fifth Month on Recovery Optimism
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Asian currencies strengthened for a fifth month, led by South Korea’s won, as signs of a pickup in China’s economy brightened the outlook for the region’s exports.
Gains in industrial output, retail sales and fixed-asset investment gathered pace in September in the world’s second-largest economy, reports showed this month. Taiwan, which has China as its largest trading partner, released data today that showed its economy returned to growth in the third quarter. South Korea’s factory production increased for the first time in four months, according to official figures published today.