SINGAPORE: Singapore’s currency weakness is likely to endure amid expectations that its central bank pivots to easing and US tariffs ripple through the global economy.
The Singapore dollar is already near a two-year low against the greenback, and options data show trading of bearish wagers is dominating the market in anticipation of the Monetary Authority of Singapore adjusting its stance. Investors wager that may take place on Jan. 24, though a move later this year is also possible, which would allow more time to see how Donald Trump retaking the US presidency plays out.
