The Singapore dollar is expected to continue strengthening against the US dollar in the coming months, buoyed by easing trade tensions and strong economic fundamentals, analysts say. Currently trading at around 1.29 to the greenback, it saw a 5.8% gain this year.
SGD Could Reach 1:1 With USD Amid Strong Economy and Trade Optimism
OCBC strategist Christopher Wong attributed this to a broad US dollar sell-off and hopes for US-China trade de-escalation. Maybank’s Saktiandi Supaat noted investor diversification away from the US dollar, while Bank of Singapore economist Mansoor Mohi-uddin suggested the Singapore dollar could reach parity with the US dollar in the future. However, analysts caution against underestimating global financial risks.
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