Singdollar may rise further despite strong gains; parity with US dollar possible in future: Analysts

SINGAPORE: Analysts suggest that the Singapore dollar may continue to strengthen against the US dollar due to tariff de-escalation, with some predicting potential parity between the two currencies in the future. Currently, the Singapore dollar is around 1.29 against the US dollar, having strengthened approximately 5.8% this year, attributed to a USD sell-off and favorable trade developments. Economists predict further appreciation, possibly reaching 1.2800 by Q3 and 1.2650 by Q4, supported by Singapore’s strong fundamentals and current account surpluses.