Where it looks like everyone in the world is trying to depreciate their currency. MAS has allowed Singdollar to appreciate against the green back.

“the balance of risks is weighted towards inflation going forward. (…) MAS will therefore continue with the policy of a modest and gradual appreciation of the S$NEER policy band in the period ahead. (…) seeking to cap CPI inflation at 2-3% in 2011 from 2.5-3.0% in 2010.”

Source: http://www.forexfactory.com
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Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
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