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Asian currencies edge up as markets reassess trade war disruptions

BENGALURU: Asian currencies strengthened for the third consecutive day on Friday, supported by a weaker dollar and shifting views over how much damage the Sino-U.S. trade war will inflict on global demand and export-reliant regional economies.

Indonesia aims to coax, not compel, exporters to convert dollar

JAKARTA: Indonesia's finance minister said the government aims to "persuade" exporters to keep earnings onshore and convert them into rupiah, rather than make this mandatory, amid confusion over a plan floated this week to support the ailing currency.

Some analysts point to tougher rules in Malaysia and Thailand, though also question whether copying them could breach Indonesia's free foreign exchange regime.  Malaysia has, since 2016, required exporters to convert 75 percent of their earnings to ringgit, while Thai exporters must keep export proceeds above a certain amount in authorized banks for 360 days.

New Zealand quarterly growth fastest in two years but challenges loom

WELLINGTON: New Zealand’s economy grew at its fastest in two years last quarter, a surprise result in a gloomy business climate that could spare the central bank from any need to raise the prospect of a rate cut at its monetary policy meeting at the end of the month.

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