Singapore’s monetary easing signaled all is not well in Asia – and now Asian countries are all looking at entering the foray.
“Asia’s Rich Urged to Buy Dollars as Singapore Fuels Easing Bets
Money managers for Asia’s wealthy families are telling clients to buy U.S. dollars as a rally this year in regional currencies begins to sputter.”
The fundamentals were not there Pierre’ – the strengthening of the USD to begin.
Whilst it would have been nice to see Asian countries get a ‘leg-up’ leadership and global trade seriously lacking.
Each country should concentrate on the corruption issue – but alas that will never happen.
Chart courtesy of Bloomberg.
Mind you – it did look good – for a short time.
Japan will be different in their next meeting though – a bit of expenditure to be undertaken on infrastructure – with a lot of easing to continue.
Full report can be read here.