Singapore Surprise Policy Easing Spurs Asia-Wide Currency Rout

Updated on
  • Monetary Authority says to seek policy of zero appreciation
  • Singapore dollar drops with ringgit, Korean won, Aussie, kiwi

Singapore Dollar Falls After Surprise Easing

Singapore’s dollar slumped the most since August, dragging down other Asia-Pacific currencies, as surprise easing by the central bank fueled speculation other policy makers in the region will follow suit.

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