Asian FX tumbles after turmoil in global banking system returns


ASIAN currencies slipped at the start of the week, with the dollar standing firm on Monday after Germany's largest bank reignited fears of a wider banking crisis as the cost of insuring its bonds against the risk of default jumped.

Thailand's baht depreciated the most in the region, falling 0.3%, with the Philippines peso weakening 0.2% after gaining about 0.7% last week.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Asian , currencies , Deutsche Bank , BOT

Next In Business News

Jasa Kita acquires 55% stake in SPPH�
PetGas to pre-pay up to RM706mil in jetty usage charges at Pengerang LNG terminal
Colform awards 4 contracts worth RM1.33mil
Hextar Global acquires three fertiliser companies for RM120mil
Ringgit climbs to strongest level against US dollar since early March 2021
Solarvest acquires ACE-Market listed SDCG for RM42mil
CBH Engineering wins data centre job worth RM130mil
JPG consolidates JPG Greenergy Ventures, strengthens renewable energy strategy
Kimlun bags three construction jobs totalling RM618mil
PMCK records RM5.83mil 2Q profit, declares 0.12 sen dividend

Others Also Read