1S$ => 2.517 ringgit

Posted by 333a110 > 2012-07-12 09:11 | Report Abuse

SINGAPORE, July 11 (Reuters) - The Singapore dollar hit a 14-year high against the ringgit on Wednesday as offshore funds continued to seek relatively safer assets and on views that Malaysia may allow a weaker currency to spur growth amid global economic slowdown. The city-state's currency rose 0.7 percent against the neighboring unit to 2.5170, the highest since July 1998, as real money accounts and hedge ........ For more : http://sg.finance.yahoo.com/news/em-asia-fx-sing-dlr-070254796.html

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4 comment(s). Last comment by 333a110 2012-07-13 10:16

jc_ooi

12 posts

Posted by jc_ooi > 2012-07-12 10:54 | Report Abuse

This is like a "bonus" for those foreigner who works in Singapore.

333a110

13 posts

Posted by 333a110 > 2012-07-12 11:11 | Report Abuse

.....
Inherently there is the risk of capital inflows into
Singapore bonds and property markets etc. for safe haven reasons
and also for expected appreciation. This may feed into asset
price inflation. At worst, these are hot money inflows, there is
always a risk of sudden outflows," said Supaat(Saktiandi Supaat, head of FX research at Maybank in Singapore).
.........


So, Some monies will flow into the stock market...

jc_ooi

12 posts

Posted by jc_ooi > 2012-07-12 17:50 | Report Abuse

Hi, thanks for the insight. So, we should expect some rises on SGX right?

333a110

13 posts

Posted by 333a110 > 2012-07-13 10:16 | Report Abuse

STI had been doing well this week. (around 2,950++) even when HK & US down.

signs:
Keppel, Venture etc. are holding up well (vol also increase).
(i did not follow banks & other blue)

Some park here before it moves flow out later.
CAREFUL: Run before ""sudden outflow"" !!!!

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