Won, peso down as oil triggers dollar short covering

SINGAPORE: The South Korean won and the Philippines peso slid against the dollar on Monday, weighed down by higher oil prices and traders’ caution about further intervention by some central banks to slow any gains in their currencies. Central banks of Indonesia, Philippines, Taiwan, Thailand and Singapore were spotted buying dollars, dealers said. But the purchases may have been aimed at slowing appreciation of their currencies, rather than reversing them, given…

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Won, peso down as oil triggers dollar short covering