Published by Zeb BhamThe dollar moved lower in the Asian foreign exchange trading session this morning (April 15th), extending losses seen yesterday.Losses were also witnessed in the yen this morning as forex dealers moved out of hedge currencies in search of higher yields. Chief among the causes of this change in risk appetite was an earnings report from Intel.Meanwhile, the Monetary Authority of Singapore's (MAS) decision to effectively revalue the Singapore dollar was also taken as a sign of its confidence in national and regional growth, further increasing risk appetite.Speaking to Reuters, Robert Ryan, FX strategist at BNP Paribas in Singapore, commented: "The dollar is being sold against Asia and that's extended to the majors. Risk-on is the order of the day, at least in Asia, but I wonder how much the MAS influence will extend into Europe."A senior trader at a European bank in Hong Kong added that the decision will put further pressure on China to revalue its own currency.A poll conducted this week by Bloomberg forecast that a revaluation may come as early as the end of the current quarter.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site