S’pore dollar outperformance may be near its end

Growth concerns: People walk along the riverside with the central business district in the background in Singapore. MAS has lowered its core inflation target, opening the door for further easing this year, which may also weigh on the currency. — AP

SINGAPORE: The Singapore dollar is the top-performing South-East 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 (MAS) policy band.