Destruction from Super Typhoon Haiyan, the most powerful storm on record to strike the Philippines, shows the task facing President Benigno Aquino to curb the death toll in a country prone to natural disasters.
Indonesia’s rupiah and stocks fell for a fourth day after yesterday’s surprise interest-rate rise fueled speculation current-account data today will show little improvement from the second quarter’s record deficit.
The Philippine peso completed its biggest two-day loss since August and bonds fell as President Benigno Aquino declared a state of calamity following the destruction and loss of life from Super Typhoon Haiyan.
Indonesia’s rupiah fell before data due this week on the country’s foreign-exchange reserves, which have declined 18 percent this year as the central bank defended the plunging currency. Government bonds declined.