Singapore Dollar Hits Highest Level Against USD Since 2014

Deep News

01/26

The Singapore dollar has climbed to its highest level since October 2014, driven by broad-based weakness in the US dollar and expectations that the Monetary Authority of Singapore will likely keep its policy unchanged this week. The USD/SGD pair fell by as much as 0.4% to 1.2683. The US dollar is under pressure due to speculation that Japan might intervene in the market to support the yen, renewed risks of a US government shutdown, and new tariff threats from Donald Trump aimed at Canada.

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