Asian currencies

Singapore’s comparative success in dealing with Covid-19 may soon set the local dollar apart from its neighbors.

Spindex was highlighted as one of The Edge Singapore’s stocks to watch in Issue 970 for its attractive valuations.

The Dow slipped sub-30,000. Down 0.6% on Wednesday; the S&P 500 fell 0.2% as well despite a 0.5% rise in the NASDAQ.

SINGAPORE (July 4): Asia’s economic growth is expected to continue to weaken against a backdrop of unresolved trade tensions, according to asset manager State Street Global Advisors (SSGA), the investment management arm of State Street Corporation.

(Jan 2): Asian currencies firmed on Tuesday, marking a strong start for the new year as sentiment was boosted by gains in the euro, while a weaker US dollar prompted further interest in Asia.

(Nov 15): Sell the Indian rupee and Philippine peso. Buy the Malaysian ringgit and Singapore dollar. Bet the ringgit will strengthen against Indonesia’s rupiah.