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.
The US Dollar technical outlook against its ASEAN counterparts is mixed. USD/IDR may be on the verge of turning lower while USD/PHP and USD/SGD could be readying to climb.