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Fund manager expects Asian currencies to fall further

Invesco strategist sees Singapore dollar weakening to S$1.50 by June 2016 from S$1.41 currently

The International Monetary Fund is likely to approve this month the addition of the China currency to its basket of national currencies or SDR.


ASIAN policymakers will have to ease monetary policy to stimulate their slowing economies and that will result in more currency weakness, said Rob Waldner, chief strategist at Invesco Fixed Income.

"Asian policymakers have not been aggressive enough in easing policy," he...

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