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USD , Buy 1.5028 Sell 1.5013, 10 mins delay on line price.
1 USD = 1.4981 SGD.
1 USD = 1.4868 SGD.
US$1= S$1.4819.
1 US$ = S$1.4771. (1 US$ = S$1.4634 Posted on 06-Oct-2008 18:59)
1. Singapore economy in recession.
2. Full year Sing GDP estimated at 3%.
3. MAS eases monetary policy.
1. Singapore economy in recession.
2. Full year Sing GDP estimated at 3%.
3. MAS eases monetary policy.
BEIJING, Sept. 15 (Xinhua) -- China's central bank said on Monday it would reduce the benchmark loan interest rate and the reserve requirement ratio for commercial banks to ensure a steady and rapid economic growth.
The benchmark interest rate for one year yuan denominated loans will be adjusted down 0.27 percentage points from Tuesday, its first downward movement since October 2004.
In addition, the ratio of deposit lenders are required to set aside will be down 1 percentage point from Sept. 25, the People's Bank of China said.
However, the country's major lenders will be exempt from the reserve requirement ratio adjustment. They include the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, the China Construction Bank, the Bank of Communications and the Postal Savings Bank of China.
USD is going to crash.
The latest economic reports from US are terrible.
Below are my observations and views on the various asset classes : 1) Cash - low interest rates; 2) Stocks - downtrend; 3) Real estates - same as stocks; 4) Foreign currencies vs S$ - US$ and RMB - uptrend; Euro, GBP, Yen, A$ and NZ$ - downtrend; 5) Natural resources - same as stocks and 6) Precious metals - same as stocks. My conclusion is, therefore, to buy US$ and/or RMB as small retail investors living in Singapore have not much choices.