SE Asia Stocks-Largely up as dollar weakens



By Susan Mathew Oct 18 Most Southeast Asian stock markets rose on Tuesday, with the Philippines rising 1 percent, as the dollar weakened on profit-taking. The dollar fell against a basket of six major currencies after recently strengthening as markets priced in expectations for a Federal Reserve rate increase in December, a growing headwind for emerging markets. "The dollar edging lower is a sigh of relief for Southeast Asian markets during times when the Fed has been so hawkish," said Taye Shim, an analyst with Daewoo Indonesia. Investors also evaluated whether the Fed will let... read more

 
18 October 2016 in World News, Views: 34
Source: Reuters
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