Asian Currencies in Weekly Advance as Export Outlook Brightens

Asian currencies advanced the most last week in almost two months, led by Indonesia’s rupiah, as signs of improvement in the world’s two largest economies spurred optimism that regional exports will pick up.

South Korea’s May Exports Unexpectedly Rise on Smartphone Sales

South Korea’s exports unexpectedly increased in May as surging smartphone shipments and improving demand from the U.S. and China countered a decline in the yen.