Singapore Dollar ETF Rises on Sibor Proposal

Singapore Dollar ETF Rises on Sibor Proposal

By: Latest Articles from Benzinga.com

Posted on February 19, 2013 at 15:23 PM EST

The brand new CurrencyShares Singapore Dollar Trust (NYSE: FXSG ) is trading modestly higher today on heavy volume following news that the Monetary Authority of Singapore and some global banks are mulling a plan to scuttle U.S. dollar Singapore interbank offered rate, or Sibor. The news was originally reported

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Currencyshares Singapore Dollar Trust Pfd. GBL INV HSE MSCI NewStar Financial, Inc. The Currency Strategies Fund

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