(Bloomberg) -- Indonesia's rupiah and the Philippine
peso led appreciation in Southeast Asian currencies on
speculation a rally in U.S. stocks yesterday will whet demand for
assets in emerging markets.
The rupiah rebounded from the weakest since April 5 and the
peso from the lowest in almost two weeks as the region's equities
tracked U.S. shares higher. Concern losses connected to U.S.
housing loans will slow growth in one of Asia's biggest export
markets weighed on regional stock markets yesterday, leading to a
sell-off in emerging markets currencies.
Read more at Bloomberg Currencies News
peso led appreciation in Southeast Asian currencies on
speculation a rally in U.S. stocks yesterday will whet demand for
assets in emerging markets.
The rupiah rebounded from the weakest since April 5 and the
peso from the lowest in almost two weeks as the region's equities
tracked U.S. shares higher. Concern losses connected to U.S.
housing loans will slow growth in one of Asia's biggest export
markets weighed on regional stock markets yesterday, leading to a
sell-off in emerging markets currencies.
Read more at Bloomberg Currencies News
No comments:
Post a Comment