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USD/Asia on rise, Asian central banks seen slowing rise

USD/Asia on rise, Asian central banks seen slowing rise

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Sean Lee
25/05/2012 | 03:18 GMT

USD/KRW is up to 1183 and USD/SGD is above 1.2800 in thin Friday afternoon trade. Asian central banks are expected to sell USD to slow down the rise, and this will mean that they will also sell EUR/USD, AUD/USD etc to keep their reserves in balance.

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