SGD approaching near record high against USD

The Singapore dollar is now being closely watched, with the market showing preference to stay invested in Asia.

“As the proxy for Asian currencies, the market will be closely watching the Singapore dollar, whose appreciation is converging with its all-time low of 1.3480 seen in July 2008,” according to Group Research, DBS Bank Ltd.

It added, “Risk appetite returned after EUR/USD showed signs of sustaining its rise above 1.30, an important psychological level needed to reassure that the worst is probably over for the Eurozone sovereign debt crisis."

American and European stock markets are said to have joined their Asian counterparts in trading higher for the session.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.