Tag: Capital Outflows
Ringgit, Rupiah, Peso Drop on Weak Growth Outlook; Won Advances
By Kim Kyoungwha and David Yong
Jan. 29 (Bloomberg) — Malaysia’s ringgit, Indonesia’s rupiah and the Philippine peso declined on speculation demand for emerging-market assets will wane as a global recession fans risk aversion. South Korea’s won strengthened.
Posted: January 29th, 2009 under News.
Tags: Asian Currencies, Bangko Sentral ng Pilipinas, Bank of Korea, Capital Outflows, currency, Euro, Federal Reserve, Forex, Global Recession, International Monetary Fund, The Asia Dollar Index
Comments: none