Singapore dollar set for further appreciation

The currency should be better positioned to weather higher United States yields than most Asian peers. While other regional central banks remain content with accommodative policy, the Monetary Authority of Singapore (MAS) appears set to change its exchange-rate band next month to allow for further local dollar appreciation.

SINGAPORE: 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 United States yields than most Asian peers.