Spiga

USD/SGD To Remain Heavy On Inflation Worries

Forex News USD/SGD last bid 1.3511 vs 1.3502 Asia close yesterday, but SGD may gain on inflation worries, government saying there's strong pipeline of foreign investments, says trader. "Comments yesterday by (Senior Minister of State for Trade and Industry) Iswaran that Singapore is not facing stagflation is likely to keep the pair top heavy." Expects pair to trade in 1.3480-1.3550 range.



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