Risk and industry research consultancy Fitch Solutions is expecting the Singapore Dollar to average at $1.3450/USD this year, following the “slightly stronger position the unit will be in”.
The move comes after the surprise monetary policy tightening by the Monetary Authority of Singapore (MAS) on Oct 14.
See: Inflation concerns spurs surprise monetary policy tightening by MAS; Accumulation in external and domestic cost pressures sees MAS tightening Singdollar policy stance in Oct
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