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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.
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