Bloomberg.com, 7 Jan 2009, Patricia Lui
Jan. 7 (Bloomberg) -- Investors should sell the Singapore dollar and buy a basket of currencies to profit from the local central bank adopting a weaker currency policy this year, said Royal Bank of Scotland Group Plc.
The U.K.’s second-largest bank recommended selling the Singapore currency and buying the U.S. dollar, euro, New Zealand dollar and yen in a ratio of 56:28:11:5. Investors could also sell the city’s currency and buy the U.S. dollar, euro, New Zealand dollar, yen and rupiah in a ratio of 44:25:11:12:8, RBS said.
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