Asia-Pacific tries to cope with flood of foreign cash

For months, policymakers have been trying to curb the effect of a tidal wave of money pouring into Asian-Pacific economies, driving up the value of local currencies. New Zealand confirms it has been selling its currency to slow the strengthening of the kiwi. Australia has reduced interest rates to a historic low to weaken its dollar.

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New York Times (tiered subscription model), The · National Business Review (New Zealand), The · Australian (tiered subscription model), The · Bangkok Post

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