Thursday, July 12, 2007

Asian Currencies: Philippine Peso Strengthens; Indonesian Rupiah Declines

(Bloomberg) -- The Philippine peso rose as Finance
Secretary Gary Teves said the nation will meet its budget
deficit target.

The peso rebounded from yesterday's biggest drop in two
weeks. The central bank unexpectedly cut its key interest rate
for the first time in four years after the close of onshore peso
trading.


Read more at Bloomberg Currencies News

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