Developing Asia’s strong recovery to continue; Asian Development Bank warns of risks of forex intervention; Says several currencies undervalued
Apr 13th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Developing Asia's strong recovery from the effects of the global economic crisis is expected to continue through the next two years, the Asian Development Bank (ADB) says in a report issued today. The bank which assists more than 40 countries in the region, warns that too much foreign exchange (forex) intervention could lead to serious repercussions of macroeconomic management, especially risks emerging from exchange rate misalignments. The banks says several currencies undervalued.