What it means for Singapore to be on US currency watch list

Think of it as a heavy hand wrapped gently around your shoulder.

The US Department of Treasury's move to include Singapore on a watch list, along with Germany, Ireland, Italy, Japan, Malaysia, South Korea and Vietnam is, therefore, a nudge to relook its currency policy and high savings rates. The last time any country was actually named a currency manipulator by the US Department of Treasury was China and that was almost a quarter-century ago.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content