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Singapore dollar rallies further as investors seek refuge

Fourth rise in a row comes as North Korea tension escalates, adding to US dollar woes over monetary policy

Published Tue, Aug 29, 2017 · 09:50 PM
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Singapore

THE Singapore dollar (SGD) continued to rally on Tuesday as investors turned to safe-haven assets following the latest North Korean provocation.

The SGD surged to S$1.3515 against the US dollar, from Monday's S$1.3545. It has risen four days in a row and is now up almost 7 per cent year-to-date.

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