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S$ surges to a high as traders bet on EMs

Other Asia currencies also rise as Treasury yields weaken US$

[SINGAPORE] The Singapore dollar, which has been rallying over the past two weeks, rose to a high of 1.2451 against the US dollar on Wednesday, as traders once again bet on high-yield emerging markets. Even disappointing trade data from China failed to dent market optimism.

The SGD has...

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