Bloomberg.com, 6 Apr 2009, James Regan
April 7 (Bloomberg) -- Investors should sell both the Singapore dollar and Malaysia’s ringgit against the dollar and the euro to profit from a forecast weakening of Singapore’s currency at a policy meeting next week, according to UBS AG.
“The ringgit would be dragged along with the Singapore dollar if, as we expect, the Monetary Authority of Singapore eases the Singapore dollar monetary policy at the April 14 meeting,” Ashley Davies, a Singapore-based strategist at the world’s second-biggest currency trader, wrote today in a research note.
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