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
    1.3446-0.0002-0.02%
    USDSGD=X
    1.5316+0.0048+0.32%
    EURSGD=X
    1.9686+0.0046+0.24%
    GBPSGD=X
    79.8821-0.4986-0.62%
    SGDJPY=X
    5.7688+0.0003+0.01%
    SGDHKD=X
    2.9121+0.0241+0.83%
    SGDMYR=X
    9,824.4844+12.9766+0.13%
    SGDIDR=X
    4.8159+0.0008+0.02%
    SGDCNY=X
    1.0288+0.0026+0.25%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,277.20+10.80+0.85%
    GCM16.CMX
    17.81+0.22+1.23%
    SIN16.CMX
    86.90+3.46+4.15%
    ^XAU
    2.25+0.02+0.72%
    HGN16.CMX
    46.01-0.02-0.04%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.30-0.04
    ^FVX
    1.84-0.02
    ^TNX
    2.690.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.755-0.005-0.66%
    Y92.SI
    0.099-0.004-3.88%
    5WH.SI
    0.4550.0000.00%
    N21.SI
    3.860.000.00%
    Z74.SI
    1.500.000.00%
    M04.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.345+0.075+27.78%
    I85.SI
    0.125+0.015+13.64%
    AZG.SI
    0.22+0.03+13.40%
    O08.SI
    0.91+0.09+10.30%
    A23.SI
    0.151+0.012+8.63%
    B69.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.46-0.15-24.59%
    BQP.SI
    0.27-0.02-8.47%
    AWK.SI
    1.42-0.11-7.19%
    BAI.SI
    0.345-0.025-6.76%
    BBP.SI
    0.099-0.004-3.88%
    5WH.SI