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Pressure on Asia currencies, except yuan, to stay
But analysts divided on S$ strength in 2nd half next year
Published Thu, Dec 19, 2013 · 10:00 PM
[SINGAPORE] The Singapore dollar eased yesterday in line with other Asian currencies following Wednesday's announcement that the US Federal Reserve would begin tapering monetary stimulus next month.
The pressure on Asian currencies, except the yuan, will remain over the next several months, say analysts. But they were mixed on the strength of the Singapore dollar in the second half of 2014.
The volatility in currencies will last until next quarter as "people start repositioning where to earn the highest returns with lowest risk", said Leslie Tang, Maybank Singapore senior foreign exchange analyst.
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