Forex Trading Forecast: Singapore Dollar
Singapore dollar to rise in currency trading on inflation concerns in 2008The Singapore dollar is expected to rise in currency trading on the FX market this year as inflation concerns prompt monetary tightening. The Singapore economy is expected to continue growing, and this is likely to fuel gains by the currency. Bloomberg reports on the forex trading forecast for the Singapore dollar:
The currency will climb 4.2 percent this year to S$1.38 against the U.S. dollar, UBS, the world’s second-biggest trader of foreign exchange, forecast in a research report. Singapore’s dollar has advanced 2.8 percent since the central bank said in its semi-annual review on Oct. 10 that it would allow “slightly” faster appreciation in the currency.
See Also
- Forex Trading Singapore Dollar
Currency trading on the FX market
Source : GFT Forex
This entry was posted on Thursday, January 17th, 2008 at 15:08 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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