More frequent U.S. national defense policy of hot money and then staged a "panic" crash.

<P> Has a number of currencies of countries keep a high level joint action is to take control measures to prevent further capital inflow of hot money too fast. .14, the Monetary Authority of Singapore announced a small expansion of the Singapore dollar exchange rate range, an appropriate tightening of monetary policy. .A day earlier, the Russian government to take similar measures to prevent excessive capital inflows; the South Korean government announced in 14 to maintain the country's benchmark interest rate unchanged, in order to offset the impact of the appreciation of red won. .</ P> <P> analysts pointed out that these countries have taken measures to intervene in the currency appreciation, the purpose is to "preemptive strike", to be implemented in the second hedge Fed quantitative easing policy. .</ P> <P> control team widen again </ P> <P> Monetary Authority of Singapore in the 14th semi-annual policy meeting, held on the decision, "the future risk of bias in the inflation rate, the HKMA will remain for some time in the future .modest and gradual appreciation of Singapore dollar policy. but slightly increased the slope of the Singapore dollar exchange rate policy interval, interval midpoint unchanged. At the same time in the international financial market volatility, the HKMA has slightly expanded range of Singapore dollar exchange rate policies. "</ P> <P .> Citigroup economist, said the wording of the show in Singapore continued to tighten monetary policy environment gradually. .Expand the range of exchange rate policy is to increase the volatility of the Singapore dollar, but also the effects of monetary policy tightening. .</ P> <P> which has been repeatedly found in the market to buy dollars inhibition won gains of the South Korean government, announced in 14 to maintain the benchmark interest rate unchanged for the third consecutive month the rate at 2.25 .% level. .It was expected, the central bank will take measures to raise interest rates. .Obviously, stop the won's appreciation of the pace of rate hikes in the country. .</ P> <P> in Singapore and South Korea the day before the central bank to take action, Russia and Singapore have taken similar initiatives. .13, Central Bank of Russia announced that the ruble against a basket of currencies have been freely floating exchange rates range from 3 to 4 rubles rubles to expand. .The move by the market to a free floating exchange rate as a prudent step taken to make the central bank can focus on response to inflation. .</ P> <P> after Japan, Indonesia and Peru and other countries have taken measures to curb currency appreciation. .</ P> <P> dollar index shocked </ P> <P> from Thailand to South Korea, and from Singapore to Russia, many markets have recently taken action to prevent currency appreciation to prevent the slow growth in the current global situation .The export of local currency appreciation as the threat posed. .But the dollar is still down inertial continuation of panic. .14 Asian trading, the dollar index was low as 76.519, the lowest level since last December, and fell below the key support at 76.60. .</ P> <P> the Singapore government's policy announcement, the dollar exchange rate against the Singapore dollar hit a record low, the U.S. dollar against other currencies to 14 also be dragged down. .</ P> <P> Asian trading day, the dollar exchange rate against the Singapore dollar plunged to 1.2886 from 1.3020 a record low dollar against other currencies after the full and accelerated decline also. .Late Asian trading, the dollar exchange rate fell 0.9% against the Korean won to 1,110.4 won, the U.S. dollar against the Australian dollar dropped to its own transactions in 1983, the lowest since the beginning, with the won exchange rate between 1 to 1 less than 0.5 cents. .</ P> <P> Pacific Investment Management Company Form 14, said emerging market currencies against the U.S. dollar rose to see, because consumer demand in these countries to replace U.S. household spending, promoting global economic growth as the main force. .</ P>.