(Bloomberg) -- Asian currencies rose, paced by
Indonesia's rupiah and the Philippine peso, as a regional stock
rally signaled increased demand for emerging-market assets.
Investors sold yen to buy higher-yielding currencies in so-
called carry trades, said Catherine Tan, head of emerging
markets at Forecast Singapore Ltd. A surge in U.S. stocks
yesterday eased concern a housing slump will stunt export-led
economic growth in Asia.
Read more at Bloomberg Currencies News
Indonesia's rupiah and the Philippine peso, as a regional stock
rally signaled increased demand for emerging-market assets.
Investors sold yen to buy higher-yielding currencies in so-
called carry trades, said Catherine Tan, head of emerging
markets at Forecast Singapore Ltd. A surge in U.S. stocks
yesterday eased concern a housing slump will stunt export-led
economic growth in Asia.
Read more at Bloomberg Currencies News
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