Singapore dollar stuck in tight trading range

Risk currencies are likely to remain out of favour.

IG Markets Singapore said:

The Fed launched its much-anticipated QE4 last night which saw the dollar weaken against major currencies before regaining some ground.

The Bernanke Put, as Fed quantitative easing is referred to, now sees a total of $85 billion a month injected into the US economy, some of which will find its way into Asian currencies.

But this news did little to turn the head of the Singapore dollar as it remains stuck in a tight trading range, hugging the $1.22 threshold.

As we ease into the holiday season, and with a fiscal cliff deal not yet agreed, risk currencies are likely to remain out of favour for now.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.