Bloomberg.com, 23 Jan 2009, Judy Chen
Jan. 23 (Bloomberg) -- Investors should sell the Singapore dollar against the won via three-month non-deliverable forward contracts, Morgan Stanley said, predicting Korean initiatives to spur economic growth will help the nation’s currency rebound.
Singapore will be “particularly vulnerable” to the global slowdown in growth and foreign trade, adding downward pressure on its currency, the report said. Forwards are agreements in which assets are bought and sold at current prices for delivery at a future specified time and date.
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