Forex News Singapore's central bank Thursday surprisingly increased 2008 inflation forecast to 6%-7% vs 5%-6% earlier, saying external developments continue to put inflationary pressure on the import dependent economy. But, Monetary Authority of Singapore's MD Heng Swee Keat says policy stance remains "appropriate," indicating that MAS won't tighten exchange rate policy anytime soon. Trader says inflation revision could put downward pressure on USD/SGD. Pair now trading 1.3620 vs 1.3593 Asia close yesterday, little changed from 1.3630 early trade after central bank comments.
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