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
    1.4101+0.0008+0.06%
    USDSGD=X
    1.5783+0.0034+0.22%
    EURSGD=X
    2.1735+0.0024+0.11%
    GBPSGD=X
    86.0323-0.2481-0.29%
    SGDJPY=X
    5.4960-0.0032-0.06%
    SGDHKD=X
    2.9586-0.0018-0.06%
    SGDMYR=X
    10,006.4658-5.9844-0.06%
    SGDIDR=X
    4.5314-0.0027-0.06%
    SGDCNY=X
    1.0075-0.0016-0.16%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,132.50+9.90+0.88%
    GCZ15.CMX
    14.54+0.10+0.71%
    SIZ15.CMX
    48.82+1.99+4.24%
    ^XAU
    2.34+0.01+0.39%
    HGZ15.CMX
    45.26+2.70+6.34%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.52+0.04
    ^FVX
    2.19+0.02
    ^TNX
    2.91+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.122+0.008+7.02%
    5DN.SI
    0.520.00+0.97%
    N21.SI
    0.310.000.00%
    5WA.SI
    0.310.00+1.64%
    E5H.SI
    3.80-0.05-1.30%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.152+0.041+36.94%
    5MD.SI
    0.25+0.05+21.95%
    5NF.SI
    0.205+0.036+21.30%
    NO4.SI
    0.42+0.07+20.00%
    AZT.SI
    0.25+0.03+16.28%
    A7S.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.095-31.67%
    Y06.SI
    0.77-0.23-23.00%
    AXL.SI
    0.098-0.022-18.33%
    5UA.SI
    0.11-0.02-15.38%
    40R.SI
    0.101-0.017-14.41%
    T08.SI