(Bloomberg) -- The Philippine peso fell, ending three
days of gains, as a chart traders use to predict price movements
suggested the currency was due to weaken.
The peso reached the highest since September 2000 yesterday
on speculation faster-than-expected economic growth will keep
enticing investors from overseas into Philippine stocks and bonds.
The dollar's 14-day relative strength index against the peso held
below 30 for a second day, a level that indicates a reversal.
Read more at Bloomberg Currencies News
days of gains, as a chart traders use to predict price movements
suggested the currency was due to weaken.
The peso reached the highest since September 2000 yesterday
on speculation faster-than-expected economic growth will keep
enticing investors from overseas into Philippine stocks and bonds.
The dollar's 14-day relative strength index against the peso held
below 30 for a second day, a level that indicates a reversal.
Read more at Bloomberg Currencies News
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