Excerpt from:  Forex
.
May 23, 2008

Asian Currencies in Forex Trading

Philippine peso drops in currency trading
Asian currencies are feeling the pinch from oil prices that continue to rise and slow economic growth.
Emerging market Asian currencies are struggling in forex trading right now. Asian currencies are feeling the pinch from oil prices that continue to rise and slow economic growth.

Bloomberg reports on the Philippine peso, which has been especially hard hit:

``Inflation is definitely weighing on the economic outlook not just in the first quarter but for the rest of the year,'' said Vishnu Varathan, a regional economist at Forecast Singapore Pte. ``That's adding to the peso's weakness.''

The South Korean won, Indonesian rupiah and Malaysian ringgit are also having trouble in currency trading on the FX market.

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Topic Tags:  Asian currencies, currencies forex trading, currency trading, emerging market currencies, forex trading, FX market, oil prices, Philippine peso currency trading

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