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Singdollar rallies, interest rates fall on US$ weakness

Analysts attribute its surprising strength to weak US economic data, say gains may not last

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The Singapore dollar has risen some 1.5 per cent in less than a week to S$1.34 on Wednesday, more than reversing last Thursday's drop following the surprise easing move by the Monetary Authority of Singapore.

Singapore

THE Singapore dollar has risen some 1.5 per cent in less than a week to S$1.34 on Wednesday, more than reversing last Thursday's drop following the surprise easing move by the Monetary Authority of Singapore.

Consequently, the key three- month Singapore interbank offered

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