Singdollar to hit 1.40 to USD later this year as trade tensions worsen: analysts
Singapore
THE Singapore dollar is poised to fall further to 1.40 per US dollar in the next few months as rising US-China tensions cloud growth prospects, analysts said.
The SGD was quoted at 1.3772 against the USD at 2.27pm but drifted lower to 1.3787 later in the day, according to Bloomberg.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Asean must retain more value as its digital economy races towards US$2 trillion: Indonesian minister
Philippines-Vietnam US$10 billion trade push risks running into rice politics