PETALING JAYA: Singapore’s monetary authority yesterday tweaked its policy on the local dollar’s trading band in response to rising volatility in the global currency market, as policymakers across Asia struggled to deal with the flood of investment funds that had inflated asset prices across the region.
“The unexpected widening of the band is perhaps the Monetary Authority of Singapore’s (MAS) proactive management amid talks of currency wars,’’ CIMB Research said in a note yesterday.
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