Some Asian Central Banks Show Concern Over Planned Currency Futures Trading
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The planned launch of four Asian currency futures contracts--the Singapore dollar, Thai baht, Malaysian ringgit and Indonesian rupiah--on the New York Cotton Exchange (Nyce)'s Finex is causing concern amongst the countries' central banks, say regional forex and currency specialists. These sources say the central banks fear significant trading of the Asian currencies overseas may trigger volatility and thus affect their own countries' economies.
Charles Minaar, senior vice president at the Nyce
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