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
    1.3618+0.0025+0.19%
    USDSGD=X
    1.5197-0.0009-0.06%
    EURSGD=X
    1.7842+0.0027+0.15%
    GBPSGD=X
    75.2380+0.321+0.43%
    SGDJPY=X
    5.6952-0.0072-0.13%
    SGDHKD=X
    2.9676-0.0077-0.26%
    SGDMYR=X
    9,785.2246+32.7207+0.34%
    SGDIDR=X
    4.9023-0.012-0.24%
    SGDCNY=X
    1.0267-0.0032-0.31%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,321.00-6.10-0.46%
    GCZ16.CMX
    18.69-0.08-0.42%
    SIU16.CMX
    96.93
    ^XAU
    2.070.00-0.22%
    HGU16.CMX
    47.35+0.37+0.79%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.19
    ^FVX
    1.58
    ^TNX
    2.23
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123-0.001-0.81%
    N21.SI
    0.3550.0000.00%
    E5H.SI
    0.235-0.005-2.08%
    5ME.SI
    0.725-0.010-1.36%
    G13.SI
    0.315+0.005+1.61%
    5OT.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.55+0.12+27.91%
    BJZ.SI
    0.45+0.09+25.00%
    BFK.SI
    0.46+0.06+15.00%
    M05.SI
    0.23+0.03+12.20%
    BTJ.SI
    0.525+0.055+11.70%
    BQD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.13-0.02-13.33%
    5TI.SI
    0.20-0.03-13.04%
    AWI.SI
    0.176-0.024-12.00%
    A04.SI
    0.166-0.022-11.70%
    AWS.SI
    0.155-0.020-11.43%
    5WD.SI