Asia’s currencies are flashing the oil shock alarm
Ankur Banerjee·
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Asia buys about 80% of oil shipped through the Strait of Hormuz, and stress in foreign exchange markets is one of the clearest signs of rising fuel prices starting to hurt growth.
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Japan Times · Ankur Banerjee
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India has appealed to citizens to drop overseas trips and avoid gold purchases to protect a rupee that is among the world's biggest losers since war in the Middle East reduced crude supplies. | REUTERS
Excerpt limited to ~120 words for fair-use compliance. The full article is at Japan Times.
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