Asian currencies peak highs

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Asian currencies continued strong New Year openings, with the South Korean won reaching it’s strongest levels against the US dollar since crisis hit the east Asian economy in 1997. The Yen also reached a high of 5 years, with the Thai baht and Taiwan dollar both reaching 4 year highs.However, confidence that currency deals would be agreed at the coming G7 summit soon petered out, slightly weakening Asian currencies.