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Markets rewind after Fed rate hold

US$ slides to eight-month low against S$, equities surge as risk appetite returns, but bullish mood could fizzle out in S'pore as soon as early April

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In one stroke - or lack thereof - the United States Federal Reserve turned back the clocks for local markets, sending the greenback down to an eight-month low against the Singapore dollar and the Straits Times Index (STI) up to within a whisker of its end-2015 mark on Thursday.

Singapore

IN one stroke - or lack thereof - the United States Federal Reserve turned back the clocks for local markets, sending the greenback down to an eight-month low against the Singapore dollar and the Straits Times Index (STI) up to within a whisker of its end-2015 mark on Thursday

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