Singapore's MAS says chief didn't say US dollar assets are irreplaceable
By Andrea Tan
(Bloomberg) – Singapore's central bank said both cyclical and structural factors can affect the pricing and confidence in US dollar assets, adding that its managing director didn't say earlier this week that dollar assets are irreplaceable.
The Monetary Authority of Singapore's Managing Director Chia Der Jiun cited the factors among three points he made at the Qatar Economic Forum on Tuesday, the central bank said in a statement that included an extended transcript of his comments.
'Markets are pricing in slower growth, the prospect of higher inflation and questions over the fiscal trajectory in the US, as well as rotation into other regions and hedging of overweight exposures,' the MAS said. 'The outlook for the structural advantage of USD assets is relatively stable for now,' and whether this changes depends on the fiscal trajectory and policies in the US.
Speaking in Qatar on May 20, Chia said that dollar-based assets are 'the dominant, safe assets for use in the financial system, deeply embedded. The $28-trillion Treasury market is fundamental and systemic to the global financial system and there is no alternative for this point.'
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Sample Players in E-reader Market Profiled in the Report, Include Aluratec Amazon Barnes & Noble Bookeen Ectacto Ematic Hanvon Technology Innovative technology News Corporation Onyx International Pocketbook International Rakuten Kobo Sony Wexler flex E-reader Market: Research Coverage The report on the e-reader market features insights on various sections, including: Market Sizing and Opportunity Analysis: An in-depth analysis of the e-reader market, focusing on key market segments, including type of screen size, type of screen, type of connectivity, type of distribution channel, end-user, type of battery life, type of memory storage and geographical regions. Competitive Landscape: A comprehensive analysis of the companies engaged in the E-reader market, based on several relevant parameters, such as year of establishment, company size, location of headquarters, ownership structure. 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Additional Benefits Complimentary Excel Data Packs for all Analytical Modules in the Report 10% Free Content Customization Detailed Report Walkthrough Session with Research Team For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment E-Reader CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
