22 Dec '11, 2pm

Analysts upbeat about Sing dollar in 2012

SINGAPORE: Asian currencies are expected to trend stronger in 2012. Analysts also expect the Singapore dollar to be the star performer among the Asian units. After a roller coaster ride against the US dollar this year, the Singapore dollar is poised to move higher but at a slower pace in 2012, said currency experts. After hitting mid-year highs of 1.20 against the US dollar, the Singapore unit has since tapered off to 1.29. Analysts expect the Sing dollar to end the year at around 1.28 against the US unit, the level at which it started the year. But currency experts said there's still room for the Sing dollar to move higher in 2012. Tim Riddell, ANZ's head of global markets research (Asia), said: "The Singapore dollar will probably do best amongst its regional counterparts. So ANZ's core view is that we are going to have a solid profile for the Sing dollar, that we are rou...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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