Seems i am the odd ball that have more of my money in stocks paying non-SGD I decided to do a fast review of the 3 month currency pair movements of 3 currencies that matters.They are apparently all pegged to the USD.
USD/SGD
USD strengthen 2.2%
SGD/HKD
HKD strengthened 2.9%
SGD/RMB
RMB strengthened 3.9%
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naro
Wednesday 8th of October 2014
Hi,
I think RMB is controlled by PBOC.
In my point of view, RMB is becoming stronger as China's trade surplus become larger. Trading partners will pressure them to appreciate the RMB.
Regards, naro
Kyith
Wednesday 8th of October 2014
thanks naro for the outlook. i have moderate my expectations to be lower.