SINGAPORE - The Singapore dollar and most Asian currencies are set to ride into 2024 on an optimistic note, after the United States central bank, in a surprise move, signalled that it is considering lowering the interest rates that elevated the US dollar in recent years.
The local currency now has the potential to reach $1.30 per US dollar, compared with around $1.34 per US dollar before the Federal Reserve’s meeting on Dec 13.
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