The South Korean won was weak but off its lows after a volatile session, which saw it swing between speculative demand for cheap dollars and unwinding of long dollar positions on expectations of more dollar supplies for the rest of the month.
32.
The rupiah's decline to a new historic low against the U . S . dollar Wednesday is causing heavy speculative demand for dollars on the peso market, particularly from companies that haven't tapped a currency risk protection facility offered by the central bank.
33.
The Philippine peso closed at a record low against the U . S . dollar in moderate trading, dominated by speculative demand for the U . S . currency from investors worried that current political wrangling will lead to further weakness in the local currency, traders said.
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