Singapore Dollar Down Late in Line With Most Asian Peers: Dow Jones The Singapore dollar was trading lower in late Asia on Monday against the U.S. dollar in line with most Asian currencies as improved economic data from the U.S. boosted investment sentiment toward the greenback. Traders and analysts say that the U.S. dollar is likely to remain bid in coming sessions as expectations that the U.S. Federal Reserve will continue to taper the size of its monthly bond-buying program. United Overseas Bank in its note to client said it expects the U.S. dollar will touch S$1.2710. Investors are expected to focus on this weeks monetary-policy decisions, including those from the central banks of Japan on Tuesday and Thailand on Wednesday. Also, the central banks of South Korea, New Zealand and Indonesia are scheduled to release their policy decisions. In the government-bond market, prices were unchanged as investors remained on the sidelines because of a lack of fresh leads.
Posted on: Mon, 10 Mar 2014 10:35:00 +0000
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