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Rupiah and Korean Won rose this week, leading Asian currencies
The rupiah extended this quarter's gain, the best performance in Asia. The MSCI Asia Pacific Index of stocks climbed for a fourth day as Australia's economy unexpectedly expanded in the first quarter. The Philippine peso strengthened on speculation falling borrowing costs will help revive economic growth.
The Indonesian rupiah and the Korean Won gained after data from the U.S. and Australia added to signs of a global economic recovery, giving investors the confidence to buy emerging-market assets.read source article