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July 17, 2008

SE Asian Currencies: All's Well. Everyone Back in Pool

All the previously broken SE Asian currencies have now all flipped and are running ahead of the U.S. dollar. Only the Vietnamese Dong and the Indian Rupee are still down over the last few weeks against the dollar. Mean reversion is alive and well in currency markets: No outlier move goes unpunished.

[via Pacific Exchange Rate Service]

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