Singapore Dollar Hits Highest in Over 11 Years Versus Greenback

The Singapore dollar climbed to its strongest level since October 2014 versus the greenback amid safe-haven flows, and with the nation’s central bank expected to leave its policy settings unchanged this week.

The Asian currency gained 0.4% to 1.2678 as the US dollar came under renewed pressure on speculation about potential US involvement in Japanese foreign-exchange intervention. The Monetary Authority of Singapore is expected to leave its exchange-rate settings unchanged at its meeting on Thursday as core inflation remains steady.