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Singdollar strength seen softening as US moves closer to interest rate cut
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The Singdollar is still up against the Japanese yen this year, but it has lost 6.7 per cent since its record high on July 11.
PHOTO: LIANHE ZAOBAO
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SINGAPORE – The Singapore dollar may retain its crown of Asia’s best-performing currency for now, but cracks have started to appear in its armour as it retreats against some of its peers.
The pack of contenders for the crown is led by the Malaysian ringgit, which has strengthened by a whopping 4.5 per cent from its lowest point against the local dollar hit on Feb 21, 2024.
