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Singapore dollar set to rise to 1.4700 by the end of the year
05 Oct 2007 SINGAPORE - According to JPMorgan, next week the central bank, Monetary Authority of Singapore will likely seek a stronger currency to cool inflation The semi-annual review October 10th will keep in-line with MAS policy of targeting “gradual and modest” strengthening in the currency Singapore dollar rose 0.2 percent to 1.4804, the previous was 1.4835 late Tuesday, and now 1.4736, the strongest since August 1997. It is forecast the Singapore dollar will reach 1.4700 by the end of this year forcasted by JPMorgan |
