Sing $ to become TOILET PAPER

[imperialarms]

<div class="date">Nov 17, 2008
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<div class="top_headline"><font face="arial,helvetica,sans-serif" size="6"> S'pore dollar at 14-mth low</font> <!--<span class="timestamp">10 min</span>-->
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</table> <!-- START OF : div id="storytext"--> TAIPEI - THE Singapore dollar fell to a 14-month low against the US dollar on Monday as data showing a sharp fall in the island's exports underscored the toll the global economic downturn is exerting on emerging Asia.
<p> The Indonesian rupiah fell 2 per cent and other Asian currencies also fell after a meeting of leaders of the Group of 20 nations failed to yield any substantial measures and data showed the euro zone and Japan toppled into recessions.
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<p> The Singapore dollar fell to as low as 1.5253 to the US dollar, its weakest level since September 2007, with the market expecting the Monetary Authority of Singapore to adopt a looser monetary policy to keep the manufacturing sector competitive.
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<p> One of the region's most trade-dependent economies, Singapore released data showing a sharper-than-expected decline in October exports.
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<p> 'Following the more aggressive policy moves elsewhere and the weaker-than-expected economic outturns globally since the October meeting, it now seems more unobjectionable for the MAS to ease their monetary policy (via weaker currency),' UBS said in a report.
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<p> Singapore runs monetary policy by guiding the trade-weighted exchange rate. In October, it already eased policy by switching to a zero appreciation path for the trade-weighted currency band.
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<p> The monetary authority schedules policy reviews twice a year - April and October - but traders expect it to loosen policy before its next scheduled meeting.
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[Conan the Barbarian]

At $1.52 to 1 USD, its considered strong already. The recent 10 yr range was from 1.34 recently to 1.82 in the late 90's.

 

[vamjok]

honestly low also good la, people then more willing to come in to setup.

 

[theblackhole]

the singapore $ will fly high lah....it's the USD that will go nose dive to hit rock bottom and become useless soon...and when that happens...say good-bye to everything and all currencies and third world war will start....hallelujah....so if u want to enjoy, go and enjoy.if you want to have a good time, just go and have a good time. don't sit like a fool and wait for the good old days to return.they've all gone and will never return. only bad days ahead..bad and very bad. good luck to all upgraders and downgraders.all the same in the same shithole now.

 

[cass888]

You are wrong there. Yes. Singapore government can make the Sing dollar as high as US$1. But they won't. They will let it drop lower and lower to fuel the expots.

the singapore $ will fly high lah....it's the USD that will go nose dive to hit rock bottom and become useless soon...and when that happens...say good-bye to everything and all currencies and third world war will start....hallelujah....so if u want to enjoy, go and enjoy.if you want to have a good time, just go and have a good time. don't sit like a fool and wait for the good old days to return.they've all gone and will never return. only bad days ahead..bad and very bad. good luck to all upgraders and downgraders.all the same in the same shithole now.