FX.co ★ Singapore FX, Money Markets Functioning Normally: MAS

On Thursday, the Monetary Authority of Singapore (MAS) confirmed that the country's foreign exchange and money markets are functioning smoothly, even amidst global market volatility. This statement was issued following the sharp declines in global equities after U.S. President Donald Trump unexpectedly announced extensive new tariffs aimed at protecting the American economy. MAS assured that it is prepared to manage any undue fluctuations in the Singapore dollar to maintain orderly operations in the nation's financial markets. Furthermore, MAS emphasized its ongoing vigilance in monitoring global developments and evaluating their impact on Singapore's economic landscape.