(Bloomberg) -- Asian currencies slid, paced by the
Indonesian rupiah, the Malaysian ringgit and the Philippine peso,
after former Federal Reserve Chairman Alan Greenspan predicted a
slump in emerging-market debt.
The rupiah snapped a two-day rally, the ringgit fell to
near a 13-week low and the peso dropped to its weakest since May
18 as falling global equities and rising U.S. Treasury yields
prompted investors to reduce holdings of assets in the region.
Read more at Bloomberg Currencies News
Indonesian rupiah, the Malaysian ringgit and the Philippine peso,
after former Federal Reserve Chairman Alan Greenspan predicted a
slump in emerging-market debt.
The rupiah snapped a two-day rally, the ringgit fell to
near a 13-week low and the peso dropped to its weakest since May
18 as falling global equities and rising U.S. Treasury yields
prompted investors to reduce holdings of assets in the region.
Read more at Bloomberg Currencies News
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