The Singapore dollar looks set to move up the regional currency rankings next quarter with rising core inflation expected to spur further policy tightening from the city-state’s central bank in April.
The currency should be better positioned to weather higher US yields than most Asian peers. While other regional central banks remain content with accommodative policy, the Monetary Authority of Singapore appears set to change its exchange-rate band next month to allow for further local dollar appreciation.
The Singapore dollar has weakened 0.5% against the greenback this year, making it Asia’s fifth-best performer.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
