Singdollar trades at its highest level in five weeks, but strength may not last for long

Analysts said the Singdollar's strength may not last for long against the United States dollar. PHOTO: ST FILE
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SINGAPORE - The Singapore dollar traded at its highest level in five weeks on Friday (Oct 15), a day after the nation's central bank tightened monetary policy.

However, analysts said the Singdollar's strength may not last for long against the United States dollar that is likely to rally further as the Federal Reserve starts to slow its bonds and bills purchases, draining excess greenback availability, later this year.

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