Economics
Asian Currencies Gain for Fourth Week on Global Recovery Signs
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Asian currencies had a fourth weekly gain, the longest winning streak since September, on optimism the global economy is recovering.
China’s economic growth accelerated for the first time in two years, with industrial output picking up, according to government figures released yesterday. Housing starts in the U.S., the world’s largest economy, topped estimates and applications for jobless benefits declined, reports showed on Jan. 17.