28 Jun '11, 1am

Sing$ will stay strong despite doom and gloom in world economy: Analysts

Sing$ will stay strong despite doom and gloom in world economy: Analysts

'The Singapore dollar is the best way to eke out reasonable returns (in developed world currency terms) while maintaining flexibility. Investors in the Singapore dollar can bide their time, with full flexibility to invest where and when they want.' CLSA strategist Russell Napier -- ST ILLUSTRATION: LIM KAILI HANG on to your Singapore dollars, despite a slide in the strong local currency against the strengthening greenback in recent days, advise some analysts. They say that even if the jittery global economy is struck by doom and gloom, the Singdollar is expected to appreciate again after some temporary weakness. Renowned London-based CLSA strategist Russell Napier believes that even if financial Armageddon is nigh, the Singapore dollar is one currency to have. 'The Singapore dollar is the best way to eke out reasonable returns (in developed world currency terms) while main...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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