Intervention was relatively sparse today in USD/Asia as regional central banks seemed to accept that this tide may be too hard to turn back. The SGD, MYR and IDR all reached multi-year highs or in the case of the Singapore dollar, a record high.
Intervention was relatively sparse today in USD/Asia as regional central banks seemed to accept that this tide may be too hard to turn back. The SGD, MYR and IDR all reached multi-year highs or in the case of the Singapore dollar, a record high.
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