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Old 04-14-2016, 04:06 AM   #1
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Default Shares reach four-month high, forex hit by Singapore sting

Singapore set the tone for the IMF's spring meeting as its normally conservative central bank unexpectedly eased policy, while Europe was watching a meeting of the Bank of England as sterling continued to suffer worries over June's vote on EU membership. Oil prices fell again as OPEC warned of slowing demand and as Russia hinted that there might only be a loose agreement on output levels at a exporter meeting in Doha at the weekend. "The dollar has been doing well over recent days particularly against Asian currencies today after the MAS (Singapore central bank) eased policy," said Societe Generale FX strategist Alvin Tan.




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