Bloomberg.com, 3 Oct 2008, Lilian Karunungan
Oct. 3 (Bloomberg) -- Daiwa SB Investments Ltd. and Aberdeen Asset Management Asia Ltd. are selling Singapore dollars on speculation the central bank will curb the currency's advance as the economy teeters on the brink of recession.
The Monetary Authority of Singapore will slow the pace of appreciation at its biannual foreign-exchange policy meeting on Oct. 10, according to seven of 14 strategists surveyed by Bloomberg News. Four expect gains to be halted, two expect a shift down in the range for the currency's moves and only one predicts no change.
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