8.4% of the total national reserves, spent strengthening the S$ so far this year. Ouch!Wd40 wrote:More burning of reserves?
There goes the CPF moneyJR8 wrote:8.4% of the total national reserves, spent strengthening the S$ so far this year. Ouch!Wd40 wrote:More burning of reserves?
Speculators just love to go and attack vulnerable pegs. Even more so maybe when there is a whole heap of stubborn reality-denying 'Asian Pride' tied up in the matter.Wd40 wrote:http://www.businesstimes.com.sg/banking ... e-shorting. More detailed and pretty dire report. The SGD is expected could fall to as low as 1.44-1.47 by the end of the year. Now is a good time to move out of it. Although I wonder which currencies stand to benefit, USD ?, CHF ?, anybody else ?
Heard nothing re: such, but I'm not a great follower of locals news. Do you have a link?Primrose Hill wrote:the proposed SG savings bon[d]s? what do you guys think?
Yeah they were, better than expected lol/sigh. So now via the market's 'perversity prism' it's worried. Worried the market/economy is actually doing ok, and so the BOE will reduce easing/money-printing.Wd40 wrote:Meanwhile FTSE is down 1.5% now, I wonder why, I thought the growth numbers were good
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