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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  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.169+0.002+1.20%
    N21.SI
    0.194-0.001-0.51%
    SK3.SI
    0.155+0.003+1.97%
    AFC.SI
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    40E.SI
    0.157+0.010+6.80%
    DU4.SI
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    % Gainers
    NamePriceChange% Chg
    0.22+0.02+10.55%
    AZT.SI
    0.157+0.010+6.80%
    DU4.SI
    0.80+0.05+5.96%
    5ML.SI
    0.495+0.020+4.21%
    BDX.SI
    0.305+0.015+5.17%
    RC5.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.08-0.03-24.53%
    AWO.SI
    0.192-0.028-12.73%
    G10.SI
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    5AM.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4186+0.0004+0.03%
    USDSGD=X
    1.5285+0.0025+0.16%
    EURSGD=X
    1.8107+0.0057+0.32%
    GBPSGD=X
    80.2010+0.009+0.01%
    SGDJPY=X
    5.4655+0.001+0.02%
    SGDHKD=X
    3.1265-0.0084-0.27%
    SGDMYR=X
    9,416.2285-82.5654-0.87%
    SGDIDR=X
    4.8483-0.0014-0.03%
    SGDCNY=X
    1.0554-0.0042-0.40%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,171.40-2.60-0.22%
    GCZ16.CMX
    16.84+0.02+0.10%
    SIZ16.CMX
    82.79+0.49+0.59%
    ^XAU
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    HGZ16.CMX
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    CLF17.NYM
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