Asian currencies spared - for now

Singapore

ASIAN currencies were spared much of the turmoil their British and European counterparts experienced on Friday.

But as markets roiled from the turbulence brought on by a United Kingdom vote to leave the European Union, observers called for a more concerted response from policymakers to smoothen expected volatility in currencies in this region.

Said Tom Rivers, head of investment strategy in Asia-Pacific excluding Japan at UBS on Friday: "We can have a good gauge …