(Bloomberg) -- Asian currency gains may be limited
to 5 percent a year on average as China keeps a gradual pace of
yuan appreciation to protect exports and jobs, said Jimmy Koh,
head of treasury research at United Overseas Bank Ltd.
The region's economies compete against each other for
exports, making central banks unlikely to allow greater
appreciation in their currencies than those of rivals. Foreign-
exchange reserves in China, Taiwan and South Korea have risen as
central banks buy dollars to keep their exchange rates stable.
Read more at Bloomberg Emerging Markets News
to 5 percent a year on average as China keeps a gradual pace of
yuan appreciation to protect exports and jobs, said Jimmy Koh,
head of treasury research at United Overseas Bank Ltd.
The region's economies compete against each other for
exports, making central banks unlikely to allow greater
appreciation in their currencies than those of rivals. Foreign-
exchange reserves in China, Taiwan and South Korea have risen as
central banks buy dollars to keep their exchange rates stable.
Read more at Bloomberg Emerging Markets News
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