Gold Ten Data News on August 14th, the Singapore dollar expanded its gains against the US dollar, rising to an 18-month high. The market expects that the Monetary Authority of Singapore will maintain a relatively tight monetary policy compared to the Federal Reserve this year, which constitutes favorable information for the Singaporean dollar. The Singaporean dollar against the US dollar rose 0.2% to 1.3154 Singaporean dollars per US dollar on Wednesday, reaching the highest level since February 2, 2023. The Singaporean dollar is expected to achieve its largest monthly increase since 2023 in August, and is the second best-performing Asian currency this year, second only to the Malaysian Ringgit. It is expected that the Monetary Authority of Singapore will not ease its policy until next year, while the market's bet on the earliest rate cut by the Federal Reserve in September has increased. As the US dollar weakens, an Asian currency performance index has risen to its highest level since March.
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Se espera que la política de la Autoridad Monetaria de Singapur sea ajustada, y el dólar de Singapur ha subido a su nivel más alto en 18 meses
Gold Ten Data News on August 14th, the Singapore dollar expanded its gains against the US dollar, rising to an 18-month high. The market expects that the Monetary Authority of Singapore will maintain a relatively tight monetary policy compared to the Federal Reserve this year, which constitutes favorable information for the Singaporean dollar. The Singaporean dollar against the US dollar rose 0.2% to 1.3154 Singaporean dollars per US dollar on Wednesday, reaching the highest level since February 2, 2023. The Singaporean dollar is expected to achieve its largest monthly increase since 2023 in August, and is the second best-performing Asian currency this year, second only to the Malaysian Ringgit. It is expected that the Monetary Authority of Singapore will not ease its policy until next year, while the market's bet on the earliest rate cut by the Federal Reserve in September has increased. As the US dollar weakens, an Asian currency performance index has risen to its highest level since March.