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Opinion: Asian firms leading race for resources
November 13, 2009
The ambitions of Asian nations for commodity acquisitions could be aided by FX movements next year. India, Korea and Japan have seen their currencies appreciate against the US dollar. That will make it cheaper to buy overseas and could offset some of China’s advantage.
Analysts have become increasingly anxious about the speed with which some commodities have begun re-valuing in recent weeks.
With the likes of gold nearing US$1,100 an ounce and the cost of crude oil briefly tipping over US$80 a barrel, fears...
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