2/2/2015 – The race to the bottom in currency markets continues to heat up and in a potential currency war some analysts see gold as the biggest winner.
Singapore’s central bank surprised the markets this week by loosening its monetary policy. On Wednesday, the Monetary Authority of Singapore (MAS), which uses its exchange rate as its main monetary policy tool said it will slow the pace of the country’s appreciation against a basket of currencies. According to the central bank the move was made because of the impact weaker oil prices are having on price pressures. They add that inflation could fall as much as 0.5% in 2015.
Singapore joins a long list of central banks that are trying … read more