Singapore says it is ready to act to curb excessive forex volatility

S’pore dollar weakens: The Singapore dollar slid to 1.4158 against the US dollar yesterday, its weakest since Feb 4. – Bloomberg

SINGAPORE: Singapore’s central bank said it is ready to curb excessive volatility in the Singapore dollar if necessary, joining regional efforts to guard against capital outflows.

The Monetary Authority of Singapore (MAS) said the Singapore dollar’s nominal effective exchange rate (NEER) remains well within its policy band, notwithstanding increased volatility in international foreign exchange markets over the last few days since Republican Donald Trump won the US presidential election.