The flipside of the Asian crisis

Asian currencies - battered back in 1997 - are now on a cyclical strengthening trend, says top forex fund manager.

Former prop trader and now London-based co-head of global fixed income and currency at GSAM, Philip Moffit runs one of the world's most successful forex funds. Here he gives his views on Asian currencies

Some central banks are your clients, and you regularly talk to them. Do you have a sense the central banks in Asia are still moving out of dollars and into euros

Moffit That's hard to know, because they say something, but you never know whether they've done it. As a fund manager you don't necessarily know what your clients do. We get asked to help the central banks with some ideas but they don't necessarily tell...

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