Bloomberg.com, 29 Aug 2008, Patricia Lui
Aug. 29 (Bloomberg) -- The Singapore dollar had its biggest monthly drop in seven years, after reaching a record high in July, as concerns about a slowing economy spurred traders to bet that the central bank will rein in currency gains.
Singapore's dollar slumped against the U.S. currency this month as the government cut its 2008 growth forecasts for exports and growth and reported that inflation slowed from a 26- year high in July.
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