SGD approaching near record high against USD

The Singapore dollar is now being closely watched, with the market showing preference to stay invested in Asia.

“As the proxy for Asian currencies, the market will be closely watching the Singapore dollar, whose appreciation is converging with its all-time low of 1.3480 seen in July 2008,” according to Group Research, DBS Bank Ltd.

It added, “Risk appetite returned after EUR/USD showed signs of sustaining its rise above 1.30, an important psychological level needed to reassure that the worst is probably over for the Eurozone sovereign debt crisis."

American and European stock markets are said to have joined their Asian counterparts in trading higher for the session.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!