21 Jul '11, 10am

EM ASIA FX-Sing dlr at new record, peso hits 9-mth high;EU summit eyed - Yahoo! Singapore Finance via @YahooFinance

EM ASIA FX-Sing dlr at new record, peso hits 9-mth high;EU summit eyed Topics: Economy Government and Policy International On Thursday 21 July 2011, 15:02 SGT * Philippine, Singapore, Thai c.banks intervene - dealers * Leveraged funds, specs lift Philippine peso * Correction possible if EU summit disappoints markets (Updates texts, prices) By Jongwoo Cheon SINGAPORE, July 21 (Reuters) - The Singapore dollar hit a fresh record high and the Philippine peso rose to its strongest level in nearly nine months on Thursday as investors added exposure to emerging Asian currencies on hopes that European leaders were close to agreeing on a second bailout package for Greece. China's central bank fixed the yuan's mid-point at a record high again, providing more support to emerging Asian currencies. Data showing China's factory sector contracted in July and intervention by Asian central...

Full article: http://sg.finance.yahoo.com/news/EM-ASIA-FX-Sing-dlr-new-...

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