Asian Currencies Rise This Week on Europe Summit, U.S. Data – Bloomberg 06-29-12

Salient to Investors:

Amonthep Chawla at Kasikornbank said the spike in regional currencies is just a short-term reaction – there’s going to be a chronic debt crisis in Europe and investors will fear again that the problems are still there.

Rafael Algarra at Security Bank Corp said good economic data about the Philippines is tempering risk aversion caused by worries in Europe – most of the data, from fiscal to growth to inflation, is supportive.

Stella Lee at Success Futures & Foreign Exchange said China’s economic data is unlikely to be impressive with lingering problems in Europe, government moves to bolster domestic consumption takes time.

Read the full article at http://www.bloomberg.com/news/2012-06-29/asian-currencies-rise-this-week-on-europe-summit-u-s-data.html