22 Jul '11, 2pm

Sing dollar hits new all-time high against US dollar

Sing dollar hits new all-time high against US dollar

SINGAPORE: In the forex markets, the Singapore dollar hit another all-time high against the US dollar on Friday. It touched S$1.2086 to the greenback in Asian trade before retracing ground a little. Analysts said this comes on the back of growth differentials with strong growth drivers in Singapore, and continued pressure to raise the debt ceiling in the US pushing the Sing higher. And they believe there is more upside for the Sing which some expect will move towards S$1.19 by the end of the year. Alvin Liew, senior economist at United Overseas Bank, said: "At the moment, we are still expecting for the rest of this year looking at further strengthening not just for the Singapore dollar, but also most of the other Asian currencies, against the US dollar. "We believe that at the end of the year we could see the Sing dollar break the S$1.20 mark going toward S$1.19. "In part,...

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

Tweets

S'pore dollar hits new high against US dollar (...

todayonline.com 22 Jul '11, 11pm

The Singapore dollar hit a fresh record against the US dollar yesterday, touching S$1.2086 to the greenback in Asian trade...

The Singapore dollar reaches a new high against...

sg.finance.yahoo.com 22 Jul '11, 11am

EM ASIA FX-Sing dlr, won rally on Greek deal; intervention caps Topics: International Economy Government and Policy On Fri...

EM ASIA FX-Sing dlr at new record, peso hits 9-...

sg.finance.yahoo.com 21 Jul '11, 10am

EM ASIA FX-Sing dlr at new record, peso hits 9-mth high;EU summit eyed Topics: Economy Government and Policy International...

US dollar slides as debt talks sputter

channelnewsasia.com 25 Jul '11, 10pm

NEW YORK: The US dollar slid against the euro and the yen on Monday, while gold prices jumped again, as politicians in Was...

Euro drops on profit-taking after Greek deal: N...

channelnewsasia.com 22 Jul '11, 11pm

NEW YORK: The euro fell slightly against the dollar Friday as traders took profits in the wake of the currency's surge on ...

US debt impasse hurts markets, gold at new high

todayonline.com 25 Jul '11, 9pm

LONDON - Stock markets fell yesterday amid prospects of a first-ever sovereign debt default by the United States, which Fe...

MAS raises inflation forecast by 1 percentage p...

straitstimes.com 21 Jul '11, 5am

The Monetary Authority of Singapore has raised the inflation forecast by one percentage point to 4 to 5 per cent due to un...

Man builds his own million dollar Bugatti supercar by hand | Today in Tech - Yahoo! News via @yahoosg

Man builds his own million dollar Bugatti super...

sg.news.yahoo.com 20 Jul '11, 4pm

This stunning replica turns heads for a fraction of the cost of the original The Bugatti Veyron is a modern automotive leg...

Daytime heat is a serious problem, but the nighttime high temps are a bigger concern for health, crops and climate:

Daytime heat is a serious problem, but the nigh...

treehugger.com 22 Jul '11, 4pm

As New York Times reports today, so far in July 12 weather stations in the US have recorded all-time daytime highs, but 93...

a 21 year high for NZ, and yet that's only 1/4th of Vietnam's rate last yr - New Zealand inflation rate at 21-year high

a 21 year high for NZ, and yet that's only 1/4t...

channelnewsasia.com 18 Jul '11, 2am

WELLINGTON: New Zealand's inflation rate hit a 21-year high in the 12 months to June, as rising fuel and food prices pushe...

HK luxury home prices hit new high

channelnewsasia.com 25 Jul '11, 1pm

SINGAPORE: Luxury residential prices and rents in Hong Kong have hit a new high in the second quarter. According to a Coll...

Gold hits record high

Gold hits record high

channelnewsasia.com 13 Jul '11, 5pm

LONDON: The price of gold surged to a record high of nearly $1,588 an ounce in London on Wednesday, as investors switched ...