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Tag: Philippine peso

Asia Currencies: Korea Won, Taiwan Dollar Lead Weekly Declines

By Lilian Karunungan
Feb. 20 (Bloomberg) — Asian currencies headed for their biggest weekly drop in three months, led by South Korea’s won and Taiwan’s dollar, on concern tumbling exports will drag more of the region’s economies into recession.

Asian Currencies Weaken on Risk Aversion; Korean Won Advances

By Kim Kyoungwha and Ron Harui
Dec. 24 (Bloomberg) — Asian currencies fell after reports indicating a global recession is deepening sapped demand for emerging-market assets. South Korea’s won strengthened on speculation the nation’s central bank was supporting the currency, the region’s biggest loser this year.

Dollar May Extend Drop Versus Asian Currencies, Citigroup Says

By Jamie McGee
Dec. 11 (Bloomberg) — The dollar will likely extend its retreat from a two-year high against an index of Asian currencies after breaching levels where orders to buy the greenback are clustered, according to Citigroup Inc.

Dollar Is Near 5-Week Low Before U.S. Labor, Services Reports

By Stanley White
Dec. 3 (Bloomberg) — The dollar traded near a five-week low against the yen before reports that will probably show U.S. companies accelerated job cuts and a contraction in services deepened as the world’s largest economy battles with a recession.