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AUD dive to weigh on some Singapore listcos

CDL, Singtel, CapLand, ComfortDelgro among firms that could be hit

Published Thu, Mar 19, 2020 · 09:50 PM
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Singapore

THE Australian dollar (AUD) hit a record low against the Singapore dollar (SGD) on Thursday, and the former's weakness could affect Singapore-listed entities that derive substantial earnings from Down Under.

This comes as strong demand for the US dollar (USD) sent other currencies lower as economic worries due to Covid-19 saw further sell-offs in equity, commodity and bond markets.

KEYWORDS IN THIS ARTICLE

Singapore dollar

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