SINGAPORE: Japanese rubber futures surged on Monday, buoyed by market talk that China, the world’s biggest consumer, is planning to purchase rubber for its national reserves.

A money changer counts US dollar bills at a currency exchange office in central Istanbul.

A US sovereign downgrade by Moody’s has exacerbated investor worries about a looming debt time-bomb that could spur bond market vigilantes who want to see more fiscal restraint from Washington.

Signage is seen at the United States Department of the Treasury headquarters in Washington, D.C., U.S., August 29, 2020.

The ringgit opened marginally lower against the US dollar on Tuesday as traders remained cautious ahead of a possible interest rate cut by the United States Federal Reserve (Fed), an analyst said.

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The US dollar dipped to a one-week low versus the safe-haven yen on Monday.

Malaysia’s strong electrical and electronics (E&E) sector positions the nation to lead the electric vehicle (EV) and battery component manufacturing sector.