Asian Currency Turmoil To Continue In 1998, Predict Market Participants

BANKS

The financial crisis plaguing Asia will continue causing volatility in the currency markets through the better part of 1998, say market participants. But most dealers surveyed are generally optimistic that the crisis will pass and that some form of normalcy will return--but when and how this will occur are debatable issues.

One chief dealer in Korea argues that the Korean won, one of the last of the currencies to enter the fray, will stabilize and eventually regain lost ground. "I expect the

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: