Asian currencies bounce back after price hit

Analysts said government officials are using their respective currencies to fight off inflationary pressures, amid other factors affecting their economies.

The region's currencies have been gaining ground in the past couple of weeks, with current account surpluses holding up amid good support from the export sector, said analysts.

Equity inflows to most of the Asian markets has also been "fairly decent", said James Malcolm, senior Asian FX strategist at Deutsche Bank in Singapore. He noted

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