Prebon Asia Survey Positive For Jobs And Continuing Recovery Of Region

MARKET VIEW

HONG KONG--Dealers are confident that Asia's financial markets will continue their recovery, according to a poll of bank treasury dealing desks around the region commissioned by Prebon Yamane, the brokerage firm.

Although dealers remain bearish on the Chinese renminbi and Philippine peso, currencies that have weakened recently are expected to gain led by the Singapore and Australian dollars which over half of dealers expect to strengthen.

Interest Rate Rises

Partly this is to do with expectatio