A bad week for greenback as Singdollar rises to 15-month high
Year to date, SGD is up 8.2% against US dollar, which has fallen almost every month since January
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Singapore
THE Singapore dollar continues to surge, rising to 1.3371 against the US dollar on Friday on scepticism over further interest rate hikes by the US Federal Reserve and continued geo-political worries.
Year to date, the SGD is up 8.2 per cent after a one per cent jump from Monday when it was up 7.1 per cent from end-2016, said Philip Wee, DBS Bank's senior currency strategist, adding that the "week has been extraordinary".
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