Global Markets Grapple with Currency Volatility, Geopolitical Tensions, and Central Bank Stances
Key TakeawaysThe Singapore Dollar (SGD) has weakened to 1.307 against the U.S. Dollar (USD), reaching its lowest point since May 12, reflecting broader currency market shifts.Japanese Finance Minister Katayama has expressed urgent concern over foreign exchange movements, while the Bank of Japan (BOJ) maintains its cautious approach to rate hikes, with a U.S. government shutdown potentially complicating economic assessments.A petrochemical facility in Russia's Bashkortostan experienced an explosion, leading ...