SINGAPORE, April 3 (Xinhua) -- The Monetary Authority of Singapore (MAS) said Thursday that it stands ready to "curb excessive volatility" in the Singapore dollar and ensure that the country's foreign exchange and money markets continue to function in an orderly manner.

In a statement, the MAS noted that Singapore's foreign exchange and money markets remain stable and are operating normally. It added that the authority is "closely monitoring developments and assessing the implications for the Singapore economy."

The statement came amid global market concerns following an executive order signed by U.S. President Donald Trump on Wednesday, which imposes a 10-percent "minimum baseline tariff" on all imports, with higher rates applied to certain trading partners. The move, branded as "reciprocal tariffs," has faced widespread opposition and criticism. Enditem

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