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.
Asian stocks lacked clear direction from Wall Street and couldn’t find much of their own in a lackluster session which saw most major bourses headed for the red after a choppy week.