Singapore Dollar's Outperformance This Year May Be Near Its End
The Singapore dollar is the top-performing Southeast Asian currency this year, but slowing inflation and growth worries may push it down the rankings in coming months.
The city-state's currency is up about 5% versus the dollar this year, sending its value against a trade weighted basket of currencies toward the upper boundary of the Monetary Authority of Singapore's policy band. However, headwinds appear to be picking up, with the trade ministry last month cutting its 2025 GDP growth forecast to a range of 0% to 2%, citing global trade tensions.
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