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Sally

Sell Singapore Dollar SGD Forwards Versus Korean Won

by Sally on January 23, 2009

in News

Bloomberg suggests,

Investors should sell the Singapore dollar against the won via three-month non-deliverable forward contracts, Morgan Stanley said, predicting Korean initiatives to spur economic growth will help the nation’s currency rebound.

From the graph below, you can see how much Singapore dollar has increased against Korean Won:
sgd-won

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