(Bloomberg) -- The Philippine peso dropped by the
most in almost six months as investors dumped emerging-market
assets.
``It's a very defensive stance'' among traders selling the
peso, said Roland Avante, treasurer at Chinatrust (Philippines)
Commercial Bank in Manila. ``The aggressiveness we have seen in
the currency over past months is reversing for the moment.''
Read more at Bloomberg Currencies News
most in almost six months as investors dumped emerging-market
assets.
``It's a very defensive stance'' among traders selling the
peso, said Roland Avante, treasurer at Chinatrust (Philippines)
Commercial Bank in Manila. ``The aggressiveness we have seen in
the currency over past months is reversing for the moment.''
Read more at Bloomberg Currencies News
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