Golden Ten Data August 14th news, the Singapore dollar against the US dollar expanded its upward trend to a 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 is positive news for the Singapore dollar. The Singapore dollar against the US dollar rose 0.2% to 1.3154 Singapore dollars per US dollar on Wednesday, reaching its highest level since February 2, 2023. The Singapore dollar is expected to achieve its largest monthly increase since 2023 in August, making it 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 relax its policy until next year, while the market is increasing its bets on the Federal Reserve's rate cut as early as September. With the weakening of the US dollar, an Asian currency performance index has reached its highest level since March.
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Singapur Para Otoritesi politikası beklenenden daha sıkı, Singapur doları 18 aylık yüksek seviyeye yükseldi
Golden Ten Data August 14th news, the Singapore dollar against the US dollar expanded its upward trend to a 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 is positive news for the Singapore dollar. The Singapore dollar against the US dollar rose 0.2% to 1.3154 Singapore dollars per US dollar on Wednesday, reaching its highest level since February 2, 2023. The Singapore dollar is expected to achieve its largest monthly increase since 2023 in August, making it 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 relax its policy until next year, while the market is increasing its bets on the Federal Reserve's rate cut as early as September. With the weakening of the US dollar, an Asian currency performance index has reached its highest level since March.