27 May '16, 8pm

The impact of yuan devaluation to the Singapore dollar

Most analysts are bearish on the short-term prospects of the Singapore dollar. A number of factors have combined to lead to a situation where further depreciation is expected in the SGD's value on top of the slide that has already taken place. The Singapore dollar is already at a six-year low against the US dollar. It is also highly susceptible to a depreciation in the yuan because of its volume of trade with China. Some of the major determinants of the value of the SGD are: Performance of the US dollar The American economy has been performing well in the recent past. Consumer spending, which provides a major portion of GDP growth, is robust as the drop in oil prices has left more money in the hands of the consumer. Employment figures have improved for the last two years. In 2015, nearly 2.7 million jobs were added in the country, according to data released by US Bureau of...

Full article: http://sbr.com.sg/economy/commentary/impact-yuan-devaluat...

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