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.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2518-0.0013-0.10%
    USDSGD=X
    1.7297-0.0013-0.08%
    EURSGD=X
    2.0937-0.0023-0.11%
    GBPSGD=X
    81.6290+0.3326+0.41%
    SGDJPY=X
    6.1949+0.0076+0.12%
    SGDHKD=X
    2.5914+0.0028+0.11%
    SGDMYR=X
    9,135.5732+10.5635+0.12%
    SGDIDR=X
    4.9709+0.0062+0.12%
    SGDCNY=X
    1.1726-0.0005-0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,300.10-0.20-0.02%
    GCM14.CMX
    19.57+0.05+0.26%
    SIN14.CMX
    91.87-1.95-2.08%
    ^XAU
    2.990.00+0.15%
    HGK14.CMX
    103.80+0.05+0.05%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.62+0.02
    ^FVX
    2.63-0.01
    ^TNX
    3.46-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    1.28+0.025+1.99%
    N21.SI
    0.122-0.001-0.81%
    B22.SI
    0.595+0.005+0.85%
    E5H.SI
    2.190.0000.00%
    JS8.SI
    0.98+0.070+7.69%
    B20.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.675+0.055+8.87%
    5VT.SI
    0.19+0.013+7.34%
    5H0.SI
    0.98+0.070+7.69%
    B20.SI
    0.96+0.055+6.08%
    U2T.SI
    0.113+0.008+7.62%
    5MM.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.096-0.011-10.28%
    S13.SI
    0.132-0.008-5.71%
    5BM.SI
    0.17-0.010-5.56%
    5WG.SI
    0.55-0.030-5.17%
    A05.SI
    0.215-0.005-2.27%
    D6U.SI