Reported about 2 months ago
The Singapore dollar has reached its strongest level in almost a decade, trading around 1.30 per US dollar, as traders react to the Monetary Authority of Singapore's hawkish policy outlook and a anticipated interest rate cut from the Federal Reserve. The local currency has strengthened approximately 1.5% this year, benefiting from upgraded growth forecasts amid a resilient external demand and the MAS's focus on currency appreciation to combat inflation.
Source: YAHOO