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Commodities Briefing - Categorized | Currencies, Market Moves more

Sell Singapore dollar as Government supports exports, UBS says

Posted on 06 January 2009

From Bloomberg: Investors should sell Singapore’s currency against the dollar, euro and yen as the government will favor depreciation to support exports amid a deepening recession, according to UBS AG.

The trade ministry last week said the economy in 2009 may shrink more than previously forecast after gross domestic product contracted for a third straight quarter….. Full Article: Source


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