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Singapore banks' FX volumes surge on strong Asian growth

Sleepy G10 currency markets, volatile China and india markets, govt initiatives also cited as reasons for expansion

Mr Lim: "Digitisation of DBS' FX transactions was a key driver of the strong growth in FX volumes."


SINGAPORE banks' foreign exchange (FX) volumes are gaining at a blistering pace as global flows pour into the region, attracted by its strong economic fundamentals.

The city's major banks report strong double-digit increases in their FX volumes, especially emerging market...

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