The Japanese investment bank has come up with a list of currencies in Asia most vulnerable to the political unrest in the Middle East and Africa. On the back of it Nomura is considering hedging its own prop book using a ‘worst-of-options’ strategy on the Korean won Indonesian rupiah and the Philippines peso.
Nomura has named a number of Asian currencies at risk from social unrest in Middle East and North Africa (MENA). The upheaval in Libya triggered the price of oil to surge to near US$120 a barrel on Thursday (February 24)....
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