(Bloomberg) -- Indonesia's rupiah led declines in
Asian currencies on speculation losses in global equity markets
will encourage investors to sell riskier assets.
The rupiah fell the most since May 2006 and the Philippine
peso had the biggest slide in almost six months as the Morgan
Stanley Capital International Asia-Pacific Index of stocks
followed U.S. and European markets lower. Concern world interest
rates will rise and slow consumer spending and investment spurred
the sell-off in emerging-market assets.
Read more at Bloomberg Currencies News
Asian currencies on speculation losses in global equity markets
will encourage investors to sell riskier assets.
The rupiah fell the most since May 2006 and the Philippine
peso had the biggest slide in almost six months as the Morgan
Stanley Capital International Asia-Pacific Index of stocks
followed U.S. and European markets lower. Concern world interest
rates will rise and slow consumer spending and investment spurred
the sell-off in emerging-market assets.
Read more at Bloomberg Currencies News
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