PETALING JAYA: The Monetary Authority of Singapore's (MAS) move to curb the Singapore dollar's gains will have negative consequences on the ringgit due to the close trade links between Singapore and Malaysia.
Currency traders told StarBizWeek that the close trade linkages between the two countries would imply that this policy decision would impact the ringgit since the local currency would certainly be in the basket of currencies that the MAS monitors to manage the Singapore dollar's trading band. Full story
