Shayne Heffernan has upgraded the Singapore Dollar from a strong buy to a Must Own currency.
Singapore’s dollar strengthened 0.3 percent to S$1.2393 against its U.S. counterpart as of 4:07 p.m. local time, rising as much as 0.6 percent earlier.
The Singapore dollar hit new highs several times this year and is well on the way to reach parity by 2015, as more and more investors seek a safe haven from the ever falling USD many have turned to Asian investments giving most regional currencies a strong currencies a lift. Full story
