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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.