SUBSCRIBERS

Greece worries, higher US yields hit Asia forex

Published Tue, May 12, 2015 · 09:50 PM

Singapore

MOST emerging Asian currencies lost ground on Tuesday as persistent concerns over Greece's debt crisis checked risk appetite and as rising US Treasury yields dented the allure of higher-yielding assets in the region.

The Malaysian ringgit led regional losses as sliding oil prices heightened worries about the impact of lower crude on the country's current and fiscal accounts. Malaysia is a net oil exporter.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here