S-E Asian currencies hammered in wobbly quarter, woes persist
Ringgit is the worst performer among peers, Sing$ sinks to new six-year low
Singapore
AS battered regional currencies bid adieu to one rough quarter, another rocky one awaits with fear factors such as China's slowdown and a commodity slump showing no signs of going away.
And if one agrees with economists' view that the softening global growth is less tied to cycles and more to do with structural forces (read: debt or credit which powered much of Asia's growth), it appears that the gloomy picture amid a looming US rate hike could outlast the coming quarter.
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