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
    1.3563+0.0075+0.56%
    USDSGD=X
    1.4885-0.0026-0.18%
    EURSGD=X
    2.1024-0.0021-0.10%
    GBPSGD=X
    90.4338-0.4356-0.48%
    SGDJPY=X
    5.7185-0.0298-0.52%
    SGDHKD=X
    2.8124-0.0238-0.84%
    SGDMYR=X
    9,825.0303-27.4316-0.28%
    SGDIDR=X
    4.5789-0.0244-0.53%
    SGDCNY=X
    1.0084-0.0032-0.31%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,166.10-7.10-0.61%
    GCQ15.CMX
    15.62-0.13-0.84%
    SIU15.CMX
    63.50+0.86+1.36%
    ^XAU
    2.49-0.05-1.81%
    HGU15.CMX
    53.19+0.66+1.26%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.55-0.10
    ^FVX
    2.28-0.12
    ^TNX
    3.07-0.12
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.163-0.009-5.23%
    5GB.SI
    0.30+0.01+1.69%
    5WA.SI
    0.710.00-0.70%
    N21.SI
    0.165-0.003-1.79%
    5DN.SI
    2.51-0.01-0.40%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.18+0.03+16.13%
    P07.SI
    0.235+0.025+11.90%
    5OY.SI
    0.24+0.02+11.63%
    AZW.SI
    0.98+0.10+10.73%
    AWG.SI
    0.33+0.03+8.20%
    5OC.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.70-0.33-32.04%
    AXL.SI
    0.47-0.13-21.01%
    AWK.SI
    0.182-0.028-13.33%
    AZR.SI
    0.11-0.01-9.09%
    510.SI
    0.230.00-2.13%
    S9B.SI