SUBSCRIBERS

Singdollar to hit 1.40 to USD later this year as trade tensions worsen: analysts

Published Tue, May 21, 2019 · 09:50 PM

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.

The Ministry of Trade and Industry (MTI) downgraded Singapore's 2019 growth on…

KEYWORDS IN THIS ARTICLE

UOB

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

International

India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year
Decarbonisation schemes are generating hot air
BOJ will hike rates if trend inflation accelerates, says Ueda
India tells spice makers to give details of quality checks after Hong Kong allegations

Purchase this article

International

International

Singdollar to hit 1.40 to USD later this year as trade tensions worsen: analysts

KEYWORDS IN THIS ARTICLE

International

India’s inflation at risk from extreme weather, geopolitical issues: central bank

Thailand to replace military-appointed Senate, reduce its powers

Bankers lose hope of London IPO revival for another year

Decarbonisation schemes are generating hot air

BOJ will hike rates if trend inflation accelerates, says Ueda

India tells spice makers to give details of quality checks after Hong Kong allegations

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT