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
    1.3654+0.0015+0.11%
    USDSGD=X
    1.5316+0.0016+0.10%
    EURSGD=X
    1.7706+0.0025+0.14%
    GBPSGD=X
    73.8870-0.184-0.25%
    SGDJPY=X
    5.6773-0.0067-0.12%
    SGDHKD=X
    3.0338+0.0109+0.36%
    SGDMYR=X
    9,529.7871-12.9258-0.14%
    SGDIDR=X
    4.8848-0.0022-0.05%
    SGDCNY=X
    1.0396-0.0013-0.12%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,328.00+2.00+0.15%
    GCZ16.CMX
    19.180.00-0.02%
    SIZ16.CMX
    95.01-0.66-0.69%
    ^XAU
    2.18-0.01-0.23%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.12-0.01
    ^FVX
    1.56-0.01
    ^TNX
    2.28-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.152-0.008-5.00%
    N21.SI
    0.121+0.014+13.08%
    40F.SI
    0.116+0.004+3.57%
    40E.SI
    0.275-0.010-3.51%
    5ME.SI
    3.96-0.06-1.49%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.121+0.014+13.08%
    40F.SI
    0.164+0.016+10.81%
    40N.SI
    0.685+0.030+4.58%
    BHU.SI
    0.215+0.010+4.88%
    1A4.SI
    0.335+0.015+4.69%
    P9D.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.20-0.06-23.08%
    AWI.SI
    0.30-0.03-9.09%
    5VP.SI
    0.145-0.016-9.94%
    5PL.SI
    0.48-0.05-9.43%
    BQD.SI
    0.28-0.03-8.20%
    543.SI