(Bloomberg) -- The Philippine peso rose by the most
in more than a week as a rebound in Asian stocks suggests global
investors are buying riskier emerging-market assets.
The peso led gains among 10 of the most-active Asian
currencies, excluding the yen, after Federal Reserve Bank of
Philadelphia President Charles Plosser yesterday said a slump in
the U.S. housing market won't derail growth in the world's
biggest economy.
Read more at Bloomberg Currencies News
in more than a week as a rebound in Asian stocks suggests global
investors are buying riskier emerging-market assets.
The peso led gains among 10 of the most-active Asian
currencies, excluding the yen, after Federal Reserve Bank of
Philadelphia President Charles Plosser yesterday said a slump in
the U.S. housing market won't derail growth in the world's
biggest economy.
Read more at Bloomberg Currencies News
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