The proof is in the pudding. One month after Singapore shifted to a zero currency appreciation policy, the local dollar is mostly steady against a basket of currencies as declines against U.S. dollar, pound, euro and yen are offset by gains versus the Australian dollar, Chinese yuan and Malaysia's ringgit.
--With assistance from Garfield Reynolds To contact the reporter on this story: Mark Cranfield in Singapore at mcranfield2@bloomberg.net. To contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Patricia Lui
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