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Despite MAS move, Singdollar remains Fed-driven: analysts

They see weaker Sing dollar, higher local interest rates as US rates rise

The MAS's surprise easing does increase the probability that SORs may have seen their lows for the year, said a note by UOB.


THURSDAY'S policy shift by the Monetary Authority of Singapore (MAS) to a zero per cent depreciation stance jolted the Singapore dollar, but the currency is still likely to be driven more by US Federal Reserve developments.

With the MAS policy statement out of the way,

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