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Weak Aussie dollar a boon for Singaporeans
Recent falls kindle interest among some property buyers and holidaymakers
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The harbour at Sydney's Rushcutters Bay district. The Aussie dollar fell to below S$1 last week, amid fears over China's economy and weak domestic data.
PHOTO: AGENCE FRANCE-PRESSE
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Fears over China's economic slowdown in the face of US trade tariffs and weak domestic data sent the Australian dollar slipping below S$1 last week to a four-month low.
But the Australian dollar, typically seen as a proxy to China's growth, recovered a smidgen yesterday to S$1.0065 as at 7.30pm. It received a boost from planned Sino-US trade talks starting today, which spurred hopes that tensions may soon ease.
