Yen, ringgit steal the show
The Japanese yen and Malaysian ringgit were this week’s currencies of choice for Asia’s new bond issue market, as the public dollar market remained stubbornly shut. ANZ sold a blockbuster Samurai bond on Wednesday, while the Export-Import Bank of Korea completed its first ringgit deal on Monday. Read EuroWeek this week for the market’s reaction to both deals, and to learn why this is bad news for the hamstrung dollar business.
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