S-E Asian currencies hammered in wobbly quarter, woes persist
Ringgit is the worst performer among peers, Sing$ sinks to new six-year low
Add BT as a preferred source
Anita Gabriel
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.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS shares rise 1.9% to hit all-time intraday high as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
