Summary

The Singapore dollar reached its strongest level against the US dollar since October 2014, gaining 0.4% to 1.2678 per US dollar. This was driven by safe-haven flows and speculation about potential US involvement in Japanese foreign exchange intervention. The Monetary Authority of Singapore is expected to maintain its current exchange-rate policy settings.

https://www.straitstimes.com/business/companies-markets/singapore-dollar-hits-highest-against-us-dollar-in-over-11-years?ref=top-stories