Marine Services Singapore Government, page-27

GB

I take your point re US$ strength (in the short term - like 3-6 months) ......

previously - I have found this useful re "seasonal" strengths ....

http://www.seasonalcharts.com/classics_rohoel.html


the "other" way of looking at it - is weakness in fx markets of its major trading partners - which means the inflation impact is minimal (re imports) .........inc in LT bonds yields may also be "forcing" some of the currency back to its home markets .....

kind of like - the least worst naked person !
rgds
V_H