S$ cash is a call option against US$ etc

In Uncategorized on 15/10/2010 at 5:30 am

True  interest rates are miserable if you have S$ deposits, but against the USD, ringgit and HK$  it remains an appreciating asset.

The Monetary Authority of Singapore surprised markets yesterday by signalling that it will allow faster gains in the Singapore dollar to fight inflation, sending the currency to an all-time high against the US dollar


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