Asian currencies spared - for now
But strategists see further weakening of regional currencies as uncertainty of UK-EU split lingers
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.
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