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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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 rate has fallen below one per cent to 0.99975 per cent.
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