Analysts say Singapore dollar could weaken if US economy can avoid recession in the months ahead

Mary Alavanza
Fri, 30 Aug 2024 13:18:44 +0000
SG Economy, Fed rate cut, singapore dollar, Singdollar

SINGAPORE: The Singapore dollar, which recently hit a decade-high against the US dollar, could weaken in the months ahead if the US economy avoids a recession, according to analysts. The Singapore dollar recently traded at around 1.30 against the US dollar, a level not seen since 2014. This marked a significant appreciation from 1.337 at …