Singdollar hit by hawkish Fed; analysts eye MAS’ next move

SINGAPORE – Singapore stocks ended flat and its currency retreated to a 29-month low against the US dollar after the Federal Reserve signalled that it would raise interest rates to a higher level than it had earlier indicated.

While most analysts still believe the Monetary Authority of Singapore (MAS) will make another tightening move in October, some doubts are now emerging on how aggressive the move will be.