The fall in USD/SGD exchange rates over the last few days (from 1.3 to 1.256), coupled with the Fed s commitment that they will hold rates low through to at least late 2014 resulted in a significant fall in the SOR. As an analyst in the article points out, What they re doing is setting the table for some sort of additional monetary easing .
R3post from :
SOR falls below 0.4%
