The Singapore dollar has powered further ahead in its long winning streak, hitting yet another high against the US dollar, just a month after the last record.
According to XE.com, the latest SGD to USD exchange rate is 1.00 USD = 1.26746 SGD.
The latest peak results from a combination of a weakening greenback and expectations of an even stronger Singdollar.
A stronger Singdollar lowers the cost of imports, thus reducing inflation.
At the same time, the US currency is sliding even further amid renewed concerns about the US economic outlook.
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