1. Among Southeast Asian currencies, the Malaysian ringgit and the Indonesian rupiah rallied amid speculation central banks in those countries bought their currencies to stem their decline. 2. As the won tumbled, the Philippine peso, Thai baht and Indonesian rupiah slid to historical lows against the dollar. 3. Bonds rose in overseas trading as the Indonesian rupiah fell for a fourth day. 4. A cut in key interest rates pushed the Indonesian rupiah down, a whisper from a record low. 5. A host of other Asian currencies including the Malaysian ringgit, the Indonesian rupiah, and the New Taiwan dollar plunged yesterday. 6. A host of other Asian currencies, including the New Taiwan dollar, the Indonesian rupiah and the Malaysian ringgit also tumbled. 7. A plunge by the Malaysian ringgit and the Indonesian rupiah also hurt the Japanese currency by eroding confidence in Asia. 8. But cars and car parts are imported, so they began to soar in price as the Indonesian rupiah lost value. 9. Currencies came off their lows too, with the Malaysian ringgit, the Thai baht, the Philippine peso and the Indonesian rupiah and the Singapore dollar strengthening. 10. Elsewhere in Asia, the Indonesian rupiah strengthened against the U.S. dollar after the central bank imposed trading restrictions on rupiah forward contracts. |