Asian forex still untapped

Despite the recovery of the region’s economies, foreign flows are yet to return to Asian emerging markets -- in contrast to the emerging markets of Latin America and eastern Europe.

"Asia is increasingly learning to stand on its own two feet because the foreign flows have not returned," said Claudio Piron, head of FX strategy at Standard Chartered Bank in Singapore. "There are some indications that we have returned to pre-1997 sentiments -- but the noticeable difference has been the absence o