Monday, July 9, 2007

Singapore Dollar Rises to Eight-Week High as Economic Growth Accelerates

(Bloomberg) -- The Singapore dollar rose to the
highest in more than eight weeks after a government report
showed economic growth exceeded expectations last quarter.

The currency is the second-best performer in the past month
of the 10 most-commonly traded Asian currencies as reports
showed manufacturing accelerated last June and industrial
production in May beat economists' forecasts. The central bank
has kept a policy of gradual appreciation for the past three
years to temper inflation.


Read more at Bloomberg Currencies News

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