Say goodbye to the record-strong Singapore dollar

Central bank expected to curtail the currency's appreciation to boost flagging exports.

Here's more from IG Markets:

On the local front, non-oil exports crashed 10.4% last month on a year-on-year basis raising fears Singapore was sliding towards a brief recession. The eurozone crisis is taking its toll on exporters, which is the city-state’s largest market.

GDP forecasts have come down from 3% month by month, and the consensus is now pointing towards growth of 2.4% this year. This could cause MAS to slow down the appreciation of the Singapore dollar, which last week hit a one-year high against the greenback.



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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3593+0.0009+0.07%
    USDSGD=X
    1.4944+0.0022+0.15%
    EURSGD=X
    1.7836+0.0025+0.14%
    GBPSGD=X
    77.9910+0.928+1.20%
    SGDJPY=X
    5.7052-0.004-0.07%
    SGDHKD=X
    2.9978+0.0076+0.25%
    SGDMYR=X
    9,669.5020-25.6777-0.26%
    SGDIDR=X
    4.9086-0.0007-0.01%
    SGDCNY=X
    1.0162-0.0035-0.34%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,318.20-2.60-0.20%
    GCQ16.CMX
    19.60-0.08-0.40%
    SIU16.CMX
    103.00+3.11+3.11%
    ^XAU
    2.220.00-0.13%
    HGU16.CMX
    42.80-0.12-0.28%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.140.00
    ^FVX
    1.56-0.01
    ^TNX
    2.28-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.515+0.020+4.04%
    5TP.SI
    0.141+0.004+2.92%
    B73.SI
    0.39+0.01+2.63%
    5WF.SI
    0.166+0.011+7.10%
    O9E.SI
    0.167+0.002+1.21%
    N21.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.199+0.036+22.09%
    AZG.SI
    0.19+0.02+9.20%
    AXH.SI
    0.465+0.035+8.14%
    E8Z.SI
    0.166+0.011+7.10%
    O9E.SI
    0.190.00+1.06%
    KJ5.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.075-26.79%
    BQN.SI
    0.21-0.07-23.64%
    PA3.SI
    0.905-0.085-8.59%
    NC9.SI
    0.152-0.013-7.88%
    5LY.SI
    0.415-0.035-7.78%
    NC2.SI