Ringgit, Korean won hit lows, Sing$ rebounds
Add BT as a preferred source
Singapore
MOST emerging Asian currencies fell on Thursday as the US Federal Reserve appeared on track to raise interest rates this year while there are risks that regional central banks instead may ease monetary policies.
The Malaysian ringgit hit a near six-year low as an overnight slide in oil prices highlighted concerns that slumping crude market will hurt the country's current account surplus and increase its fiscal deficit.
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
