Sing dollar jumps against US dollar, Sibor and SOR weaken
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SINGAPORE] The Singapore dollar firmed sharply against the US dollar on Wednesday (March 30), while local interest rates slid further after US Federal Reserve chair Janet Yellen reiterated the need for the central bank to adopt a more cautious pace raising interest rates.
As at 2 pm, the US dollar was trading at 1.3534 to the Sing dollar - its lowest since its close on July 13, 2015 - after ending at 1.3677 on Tuesday. The Malaysian ringgit firmed to 3.9395 against the greenback from 3.9976 on Tuesday, and 4.0102 on Monday.
Read the full story here.
Share with us your feedback on BT's products and services
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Malaysia tourism hit by fuel shock; tour prices may jump 50%
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
