This is the Forex quote for the US Dollar versus The Singapore Dollar. In this quote, the value of one US Dollar is quoted in terms of the Singapore Dollar. The Singapore Dollar has historically served as a speculative investment haven for traders, as Singapore has had relatively high interest rates, higher growth rates, fewer capital controls, and less developed labor markets. This unique combination of traits for the Singapore dollar makes it a particularly appealing investment currency.
Multiple bearish signals in USD/MYR warn that that Malaysian Ringgit may appreciate against the US Dollar next. Meanwhile the dominant trends in USD/IDR and USD/PHP may continue.