History repeating

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A little over a decade ago, several Asian economies were badly caught out by sudden, devastating moves in the foreign exchange markets. In the build-up to the crisis, which began in July 1997 with the collapse of the Thai baht, Asian corporates and financial institutions had extensively tapped offshore capital markets - particularly in US dollars. But when Asian currencies plunged in value, the mismatch between local currency assets and dollar liabilities led to a spate of corporate bankruptcies

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Smarter trading in a fragmented world

FX Week recently hosted a webinar in partnership with Refinitiv to ask foreign exchange industry leaders to discuss geopolitical challenges, market changes and developments, and evolving technologies, and how they have shaped forex markets in Asia

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