Trade EUR/SGD with Fondex
Thinking of trading EUR/SGD?
- 1. Assuming no serious escalation in trade tensions between the US and China, nor a major downturn in the global economy, either of which could be a hammer blow to a trade-dependent country like Singapore, the Singapore dollar will likely appreciate further in the year ahead. 2. Due to the country's strategic port, Singapore is much more competitive than some of its neighbouring countries when it comes to entrepôt (buying raw materials and refining them for export) activities, and the Port of Singapore is the world's second busiest in terms of its cargo tonnage.
Trading CFDs involves significant risk of loss