The US dollar hit a low of $1.3370 during intra-day trade before recovering slightly to $1.3383 on late short-covering.
Tuesday, September 14, 2010
Sing dollar touches new peak against US $
SINGAPORE - The Singapore dollar yesterday hit a new all-time high against the US dollar for a fourth time in nearly two weeks, with experts saying further appreciation was expected amid increased risk appetite and rising confidence in Asia's economic fundamentals.
The US dollar hit a low of $1.3370 during intra-day trade before recovering slightly to $1.3383 on late short-covering.
Standard Chartered's head of Asian forex strategy, Mr Thomas Harr, said: "Our end of year forecast is $1.330 and of course the risk is that we may go there sooner than later." MORE
The US dollar hit a low of $1.3370 during intra-day trade before recovering slightly to $1.3383 on late short-covering.
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