Showing posts with label Singapore dollar. Show all posts
Showing posts with label Singapore dollar. Show all posts

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