The Monetary Authority of Singapore on Wednesday decided to revalue its currency after the government raised its forecasts for the city-state’s economic growth and inflation rate, Bloomberg reports. The move surprised markets and led to the Singaporean dollar’s biggest gain in 10 months, according to the newswire.

This entry was posted by Tracy Alloway on Wednesday, April 14th, 2010 at 3:49 and is featured in The 6am Cut London (14 Apr 2010), The Lunch Wrap (14 Apr 2010) . Tagged with currencies, Dollar, inflation, singapore. Edit this entry.