Singdollar remains strong, back to November levels
Sibor falls on US weakness, SGD rally not likely to last
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Singapore
THE Singdollar rose to S$1.4057 on Friday from Thursday's S$1.4149 on continued US dollar weakness on realisation that US President Donald Trump's tax reforms will take time and also because expectations of a March interest-rate hike by the US Federal Reserve fade.
The three-month Sibor, or Singapore interbank offered rate, fell - it lost 0.001 to 0.93905 per cent on Friday. The mortgage benchmark rate has been weakening since it reached a year high of 0.98521 per cent on Feb 13.
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