Foreign Exchange: Southeast Asia Rising
Singapore's news that it will "re-center its exchange rate policy band upwards” sent the Singapore dollar to a record high of 1.2453 against the U.S. dollar.
Jan Alexander
April 14, 2011
Singapore banknotes and coins are arranged for a photograph in Singapore, on Wednesday, Oct. 13, 2010. Singapore's economy contracted last quarter as manufacturing eased, and the central bank said it will widen the range its currency can trade in to absorb greater volatility in global financial markets. Photographer: Munshi Ahmed/Bloomberg
Munshi Ahmed/Bloomberg
