Singapore dollar hits 7-month high against the greenback; what’s the prognosis for 2025?
Amid the uncertainty, analysts expect the Singdollar to further appreciate against the US dollar in the short to medium term
Add BT as a preferred source
[SINGAPORE] The Singapore dollar and other Asian currencies are continuing to gain ground against the US dollar as the tariff fallout weighs on the greenback.
The Singdollar opened the week firm at 1.29 to the US dollar – a level not seen since September 2024.
In the year to date, that’s a jump of about 5 per cent. On Friday (May 9) evening, the pair was trading at 1.29.
TRENDING NOW
Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Apex court rejects resulting trust claim in 99-1 condo dispute
Singtel seeks clarity on participating in telco consolidation after M1-Simba fallout; weighs Reit IPO
