Singapore dollar to slide to 5-year low due to MAS easing, reveals poll

[krafty]

The SGD could drop to $1.39 to the dollar by the year-end.
Singapore’s dollar will slide about 3 percent versus the greenback to the lowest since July 2010 after the city-state’s central bank unexpectedly eased monetary policy, according to a survey of analysts by Bloomberg News.
According to Bloomberg, the currency will slide to S$1.39 by year-end after the Monetary Authority of Singapore probably reduced the slope of its appreciation against a basket of currencies by a percentage point, according to the median estimates of 15 economists and strategists. The central bank, which uses the exchange rate as its main policy tool, changed its settings last week in an unscheduled announcement.

https://sg.finance.yahoo.com/news/singapore-dollar-slide-5-low-045100001.html

 

[Leongsam]

Good for the exporters.

 

[krafty]

we are not exporter oriented, we mainly import...:o

Good for the exporters.

 

[bloodycock]

we are not exporter oriented, we mainly import...:o

Our main imports are FTs.

 

[SgGoneWrong]

Our main imports are FTs.

True. I talked to a ft chiobu and was angered that her sg pr was approved in a few months. Faster than my Aussie pr. But at the same time I'm glad chiobu got pr, replace those ugly sinkie charbors.

 

[GOD IS MY DOG]

good...........good................hope SGD fall more and faster..............things more expensive...........good for elections.......

 

[Devil Within]

Stupid move.

 

[soIsee]

High cost of living for those inside and weak buying power of their currency.

So imported goods cost much more.

Good combination for..

DIASATER comes polling time. LoL

 

[bushtucker]

Bad for home based importers like those who shop at amazon, ebay, taobao, alibaba, or any e-commerce site which transacts in USD and RMB (CNY).

 

[neddy]

we are not exporter oriented, we mainly import...:o

Import food

 

[krafty]

yups... from malaysia and they always raise their prices...!

Import food

 

[KopiO]

SGD too high .....the cost of doing business will force big businesses/MNCs to go elsewhere. Think of Changi Airport and the container trade. The SGD. has to devalue more.

The whiners here just don't get it.

 

[krafty]

most of the offices set up here are merely asia pacific offices with not much manpower,i doubt the foreign MNCs will mind about the little money they spent here.

SGD too high .....the cost of doing business will force big businesses/MNCs to go elsewhere. Think of Changi Airport and the container trade. The SGD. has to devalue more.

The whiners here just don't get it.