Financial Times FT.com

Asian currencies rise after Chinese rate hike

By Steve Johnson in London

Published: October 29 2004 11:54 | Last updated: October 29 2004 17:20

The week's headlines in the currency market were, like so much these days, made in China.

The People's Bank of China surprised just about everyone by raising interest rates for the first time in nine years, by 27 basis points.

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