SGD crashes to fresh six-year low against the greenback

It has broken above the $1.43 handle.

The Singapore dollar has lost more ground against the strong greenback, with the USD/SGD finally breaking above the $1.43 handle on Tuesday morning.

With this level finally broken, Maybank says that the next key barrier is pegged at around 1.4460, which was last reached on 24 August 2009.

“Though the risk has tilted a little more to a MAS move at its Oct meeting, our base-line scenario is for the MAS to hold for now,” said Maybank.

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