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US dollar to gain still against Singapore unit into new year
But uncertainty over number of rate hikes and moderating US growth cloud greenback's prospects for the later part of next year, say analysts
Add BT as a preferred sourcePublished Wed, Dec 12, 2018 · 09:50 PM
Singapore
AFTER registering its biggest weekly drop in more than three months last week, amid a stronger-than-expected rally this year, the US dollar regained its footing this week and is expected to continue powering ahead into 2019, particularly against the Singapore dollar.
Although the USD-SGD has gained over 5 per cent since its low of 1.31 in April, analysts predicted that US dollar strength will pick up even more in 2019, with some seeing the currency pair rise above 1.40 in the first half of the year.
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