Thursday, April 12, 2007

Asian Currencies: Singapore's Dollar Declines to Three-Week Low, Won Rises

(Bloomberg) -- The Singapore dollar fell to the lowest in three weeks on speculation the Monetary Authority of Singapore is selling to aide exporters.

The island's currency is heading for a weekly drop after rising to the strongest in nine years on April 10, when the central bank reiterated a three-year policy of a ``modest and gradual appreciation.'' The Monetary Authority declined to comment on today's price action.


Read more at Bloomberg Currencies News

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