New Delhi, May 24 -- Asian currencies are likely to appreciate against the US dollar in the long term, according to a recent report by Jefferies.

The report highlighted that the gross national savings in emerging Asian countries are significantly higher than those in developed G7 nations, giving Asian economies a strong foundation for currency strength.

It said, "The most likely currency bloc to enjoy long-term appreciation against the US dollar remains Asian currencies in what amounts to a reversal of the dynamic triggered by the Asian Crisis nearly 30 years ago."

The report noted that this trend marks a reversal of the currency dynamic that was triggered by the Asian Financial Crisis nearly 30 years ago.

This shift is happening not ...