Singapore dollar trades at $1.2222

Period of volatility on the FX markets looms.

IG Markets Singapore said:

Things have stayed very quiet for the Singapore dollar overnight as it spends another session unchanged against the greenback.

There could be a period of volatility on the FX markets as we head towards the year-end unless a deal is struck soon on the fiscal cliff crisis.

US politicians and policymakers have the power to influence markets with their comments and that is exactly what has happened this week.

While the USD yo-yos on such comments the local currency has remained resilient among all the noise, waiting for action not talk.

This morning the Singapore dollar trades at $1.2222.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!