Positioning data shows hedge funds paring net short-dollar positions to $29 billion last week.
Singapore`s economy grew at a faster-than-expected pace in the first quarter, government data showed on Tuesday, even as the central bank surprised markets by announcing no change to monetary policy.
The Singapore dollar dropped more than 7 percent against the U.S. dollar over the past six months as the Federal Reserve brought its asset purchase program to an end and appears on course for further weakness given lower oil prices
Currencies with sound external balances, such as the yuan, Korean won, Taiwan dollar and Singapore dollar, were expected to hold up better against the Federal Reserve`s tapering of its asset purchases this year, HSBC said.
Singapore dollar has fallen more than two percent. Its fall has raised questions whether it will be the next currency in line to witness a currency crash.
Sorry, there was interference on the line. Was that a decline in revenues at Singapore Telecom? Is that right? So what about the dividend?
The strong Singapore dollar has made the island state the sixth most expensive city in Asia for expatriate living, according to an international cost survey agency.
Vikram Murarka, Chief Currency Strategist at kshitij.com, in an interview with CNBC-TV18’s Latha Venkatesh cashed in on where do we go from here and if further weakness was in the offing.