USDSGD just spiked to 1.255
Any special reasons?
Any special reasons?
Last edited:
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USD strengthening
- Thread starter Runifyouhaveto
- Start date
i think it has to do with the industrial production data release yesterday, it was in red. :(
aussie also up sgd a lot peak just now at 1.6374, but dun worry overall trend going down.:o
aussie also up sgd a lot peak just now at 1.6374, but dun worry overall trend going down.:o
USDSGD just spiked to 1.255
Any special reasons?
just a tempo spike due to speculative pressures...see the historical rates..LOL!
Thanks for sharing,
in my humble opinion, in the past decades, the purchasing power of ALL fiat currencies drops like that chart above, including SGD
USDSGD 1.258 as we speak.
USD 1.26 now.
GBP and Euro weaker due to Ukraine crisis, German slowdown n Scottish referendum
GBP and Euro weaker due to Ukraine crisis, German slowdown n Scottish referendum
if oil, gold n USD all appreciate against SGD in the same timeframe = the end is near.
ST: US Dollar hits 14-month high on new rate hike view
http://www.straitstimes.com/news/wo...its-14-month-high-new-rate-hike-view-20140910
http://www.straitstimes.com/news/wo...its-14-month-high-new-rate-hike-view-20140910
just a tempo spike due to speculative pressures...see the historical rates..LOL!
this is good,value of USD go down means stock market goes up,look at 1929 to 1935,they shrinked money supply,strength of USD went up from $40 to $60 but USA went into deep recession......as long as they keep printing money the economy will keep expanding.
Economists cut Singapore inflation, growth outlook
The survey predicts the Singapore dollar to stabilize after the local currency fell in recent weeks. The economists predict the U.S. dollar to fetch S$1.2650 by the end of the year, compared with S$1.2700 they predicted in June.
http://www.marketwatch.com/story/economists-cut-singapore-inflation-growth-outlook-2014-09-10
just hit 1.265
The survey predicts the Singapore dollar to stabilize after the local currency fell in recent weeks. The economists predict the U.S. dollar to fetch S$1.2650 by the end of the year, compared with S$1.2700 they predicted in June.
http://www.marketwatch.com/story/economists-cut-singapore-inflation-growth-outlook-2014-09-10
just hit 1.265
Singapore dollar resumes downtrend against USD as China and Australia cut rates last week. Singapore's electronics sector fell into contraction in April. Electonics PMI came in at 49.1, down by 1.0 point in a month. (below 50 = contraction)
1.338 now.
1.338 now.
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