Currency’s haven appeal rises in region hit by pandemic
SINGAPORE: The Singapore dollar is poised to outperform its South-East Asian peers as a higher vaccination rate and rising core inflation may spur its central bank to start tightening policy sooner than its regional counterparts.
While all South-East Asian currencies have been under pressure against the greenback since the Federal Reserve’s latest “dot plot” brought US rate-hike forecasts forward, Singapore’s comparative success in dealing with Covid-19 may soon set the local dollar apart from its neighbours.
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