Stronger SGD brings SOR lower

SOR 3-months has just fallen from 0.25% to 0.23% over the last 3 trading days as the Singapore Dollar (vs USD) rises from 1.2885 to 1.27966 over the same period. There are predictions that the Sing dollar will continue rise against USD, even from last year. This could mean that SOR is headed lower, or at least remain low even when a rate hike comes.

(Visited 92 times, 1 visits today)

Leave a comment

Your email address will not be published. Required fields are marked *