(Bloomberg) -- Asian currencies fell, led by the
Indonesian rupiah and Philippine peso, on speculation overseas
investors are cutting back riskier assets on concern the U.S.
economy will slow.
A slump in U.S. subprime loans gives ``serious reasons to
worry'' and is a ``reality check,'' without posing a systemic
threat, Moody's Investors Service said today. A weighted basket
of 10 Asian currencies, compiled by JPMorgan, slipped from the
highest since the region's financial crisis in 1997.
Read more at Bloomberg Currencies News
Indonesian rupiah and Philippine peso, on speculation overseas
investors are cutting back riskier assets on concern the U.S.
economy will slow.
A slump in U.S. subprime loans gives ``serious reasons to
worry'' and is a ``reality check,'' without posing a systemic
threat, Moody's Investors Service said today. A weighted basket
of 10 Asian currencies, compiled by JPMorgan, slipped from the
highest since the region's financial crisis in 1997.
Read more at Bloomberg Currencies News
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