(Bloomberg) -- Southeast Asian currencies led by
Indonesia's rupiah fell on speculation investors were paring
holdings of emerging-market assets.
The rupiah fell to the weakest since April 5 and the
Philippine peso dropped to the lowest in almost two weeks on
concern losses tied to subprime housing loans in the U.S. will
slow growth in one of Asia's biggest export markets. The Morgan
Stanley Capital International Asia-Pacific Index of shares is set
for its biggest decline since June 8.
Read more at Bloomberg Currencies News
Indonesia's rupiah fell on speculation investors were paring
holdings of emerging-market assets.
The rupiah fell to the weakest since April 5 and the
Philippine peso dropped to the lowest in almost two weeks on
concern losses tied to subprime housing loans in the U.S. will
slow growth in one of Asia's biggest export markets. The Morgan
Stanley Capital International Asia-Pacific Index of shares is set
for its biggest decline since June 8.
Read more at Bloomberg Currencies News
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