Post by mangomoney on Feb 12, 2016 11:28:01 GMT 7
Baht leads advance in SE Asia as Fed may delay rate rises
The baht led an advance in Southeast Asian exchange rates as signs the Federal Reserve will delay monetary tightening buoyed demand for emerging-market assets.
The Indonesian and Malaysian currencies pared gains after rising to their strongest levels since at least August following Fed chair Janet Yellen’s remarks to Congress that further interest-rate increases might be pushed back due to global market turbulence.
www.bangkokpost.com/business/finance/860680/baht-leads-advance-in-se-asia-as-fed-may-delay-rate-rises
The baht led an advance in Southeast Asian exchange rates as signs the Federal Reserve will delay monetary tightening buoyed demand for emerging-market assets.
The Indonesian and Malaysian currencies pared gains after rising to their strongest levels since at least August following Fed chair Janet Yellen’s remarks to Congress that further interest-rate increases might be pushed back due to global market turbulence.
www.bangkokpost.com/business/finance/860680/baht-leads-advance-in-se-asia-as-fed-may-delay-rate-rises
