Yahoo! Philippines News - Latest Philippines News & International News Headlines: EM ASIA FX-U.S. budget deal hopes lift Asia FX; intervention caps

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EM ASIA FX-U.S. budget deal hopes lift Asia FX; intervention caps Nov 29th 2012, 07:14 * Won up on exporters; intervention suspected * Exporters, inflows support Taiwan dlr; importers limit * Philippine peso weaker on c.bank talk, profit-taking (Adds text, updates prices) By Jongwoo Cheon SINGAPORE, Nov 29 (Reuters) - Renewed hopes for a U.S.budget deal supported most emerging Asian currencies, butregional units faced a roadblock of intervention by foreignexchange authorities acting to stem appreciation. The South Korean won rose on month-end demandfrom exporters, but its upside was capped with the foreignexchange authorities suspected of buying dollars. ...

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