Monday, 3 December 2012

Yahoo! Philippines News - Latest Philippines News & International News Headlines: EM ASIA FX-Chinese data helps support Asia FX, rupee dips

Yahoo! Philippines News - Latest Philippines News & International News Headlines
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EM ASIA FX-Chinese data helps support Asia FX, rupee dips
Dec 3rd 2012, 07:33

* Upbeat Chinese factory surveys help support Asia FX * Broad dollar-weakness also helps underpin Asian currencies * Rupee dips on dollar-buying by oil companies (Adds text, updates prices) By Masayuki Kitano SINGAPORE, Dec 3 (Reuters) - Most emerging Asian currenciesheld steady or edged higher on Monday, supported by data thatshowed a pick-up in Chinese manufacturing activity andunderscored hopes for a revival in the world's second-largesteconomy. The dollar's decline against some major currencies,including the euro, also helped bolster emerging Asiancurrencies, market players said. ...

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