- U.S borrowing may lead to weaker dollar, inflation
- Stronger local currency is Singapore’s main anti-inflation tool
- Fine balance between fighting inflation, staying competitive
- Singapore to be ‘secondary’ yuan trade center to Hong Kong
- ‘Sometime’ before China makes yuan fully convertible
EUR/USD has seen a decent rally early, presently up at 1.4565. Middle Eastern, Russian buying notable. Middle Eastern buying also seen in cable.
