For subscribers
Singapore dollar up 3% since July, sharp rally sees it hit 1.3042 per US dollar
Sign up now: Get ST's newsletters delivered to your inbox
The Singdollar strengthened 3 per cent in the past month to trade at 1.3042 against the US dollar on Aug 21.
PHOTO: LIANHE ZAOBAO
Follow topic:
SINGAPORE - The Singapore dollar has rallied to an 18-month high against a weaker greenback as investors look to widely expected cuts in interest rates by the United States Federal Reserve in the months ahead.
The rally comes on the back of market expectations that the Fed could go for deeper rate cuts.
