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View Full Version : Philippine Peso Set for Weekly Drop as Oil Rises; Bonds Decline - Bloomberg



NewsWhore
02-23-2012, 11:50 PM
Philippine Peso Set for Weekly Drop as Oil Rises; Bonds Decline (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGWn9ncePVAds6BdTCRjC3YiVPCTg&url=http://www.bloomberg.com/news/2012-02-24/philippine-peso-set-for-weekly-drop-as-oil-rises-bonds-decline.html)
Bloomberg
“If the rise in oil prices drags on, it's not good for Asian currencies given the region's high dependence” on energy imports, said Leong Sook Mei, the Singapore-based regional head of global currency research at Bank of Tokyo-Mitsubishi UFJ.

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