Currency forecast to rise 2.4%

Bigger driver would be more of the trend in the Chinese currency and the outlook of the euro, says a currency strategist.

A Bloomberg report quoted Moh Siong Sim, a currency strategist at Bank of Singapore Ltd., as saying, “The yuan would matter over a longer time horizon simply because it’s appreciating against the dollar and is likely to do so. You also could see a stronger euro once they manage to kick the can down the road in terms of the debt problems.”

The bank predicts the currency will strengthen 1.6 percent to S$1.20 per dollar by year-end and 2.4 percent to S$1.19 in 12 months, according to the report.

View the report here.

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