The Singdollar hit levels last seen in 2014 against the greenback late on Aug 23.
- The Singapore dollar advanced to its strongest in almost a decade as traders weighed the difference between the local monetary authority’s relatively hawkish policy outlook compared with that of the US Federal Reserve.
Singapore’s currency has gained about 1.5 per cent in 2024, the second-best performer in Asia behind Malaysia’s ringgit.to the United States in September, speaking at the central bank’s annual symposium in Jackson Hole, Wyoming. “Importantly, there was a notable absence of caveats such as ‘gradual/gradualism’,” effectively keeping the door open to larger rate-cut increments, which “is likely what excited markets,” Mr Strickland said.
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