Wednesday, June 6, 2007

Asian Currencies Fall, Led by Malaysian Ringgit, as Global Stocks Decline

(Bloomberg) -- Asian currencies fell, led by the
Malaysian ringgit and Philippine peso, on speculation a drop in
global stock markets caused investors to sell riskier assets.

The Singapore dollar traded near the lowest in almost three-
months and the Thai baht had its biggest onshore fall since March
23 as declines in European and U.S. equities spilled over into
Asia. The Morgan Stanley Capital International Asia-Pacific Index
of shares snapped five days of gains.


Read more at Bloomberg Currencies News

No comments: