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Singapore dollar set to beat peers with MAS poised to tighten

David Finnerty for Bloomberg
David Finnerty for Bloomberg3/21/2022 12:36 PM GMT+08  • 3 min read
Singapore dollar set to beat peers with MAS poised to tighten
The currency should be better positioned to weather higher US yields than most Asian peers.
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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.

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