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ExpatSingapore Message Board 28 May 2012, 6:09:33 am *
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Author Topic: SGD weakening against the USD  (Read 1742 times)
Falling Chart
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« on: 24 September 2011, 10:14:17 am »
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Wow.  That was rather sudden.
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ExpatSingapore Message Board
« on: 24 September 2011, 10:14:17 am »
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Agent007
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« Reply #1 on: 24 September 2011, 11:43:57 am »
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Yes but it is great news, let's hope it keeps heading the same way.
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another22
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« Reply #2 on: 24 September 2011, 23:07:32 pm »
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great call by Vulcan..USD higher..EM equities on there butts..U.S Treasury bonds at all time low yields..Gold getting spanked.. genius
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Dr. Phil
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« Reply #3 on: 25 September 2011, 0:07:04 am »
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Can anyone explain why? There is no rationale. Its meaningless. Its disruptive to those who earn their daily bread.

Its not meaningful or predictable. Its random. Its gambling.
 
Currencies rise and fall so that those with the power to effect such fluctuations can benefit.
Banks have such a spread, there is no point in Forex via HS banks.
Interestingly I was watching tv in China and in a small village, residents were all into Forex via internet. They made 10-20% of their annual income this way.  Grin
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Effort
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« Reply #4 on: 25 September 2011, 14:45:21 pm »
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Is it reporting season for GIC or Temasek soon, needing to make a quick conversion from their USD assets to boost their bottom line?
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