Singapore dollar may outperform some regional currencies, but not a rallying US dollar

SINGAPORE – The Singapore dollar traded at its highest level in five weeks on Friday (Oct 15), a day after the nation’s central bank tightened monetary policy.

However, analysts said the Singdollar’s strength may not last for long against the United States dollar that is likely to rally further as the Federal Reserve starts to slow its bonds and bills purchases, draining excess greenback availability, later this year.

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