SGD: Medium-Term Strength To Persist

August 2008 | Currency Forecast

Singapore's dollar looks poised for further weakness over the near term as the return of the greenback continues to undermine the currency. Since reaching an all-time high of SGD1.3438/US$ on July 15, the unit has shed 5.7% to drop as low as SGD1.4201/US$ on August 19, and is now heading towards three-year trendline support around SGD1.4400/US$. Failure to hold this level could see the unit drop as far as

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