Singdollar may fall to lowest level since 2017: UBS

Singapore's dollar has already slid 3.3 per cent against the greenback in 2020, making it the worst-performing currency in Asia after Thailand's baht.
Singapore's dollar has already slid 3.3 per cent against the greenback in 2020, making it the worst-performing currency in Asia after Thailand's baht.PHOTO: IRAS

Singapore's currency may tumble to the lowest level since 2017 if the central bank responds as strongly to the spread of the coronavirus as it did to the severe acute respiratory syndrome (Sars) epidemic two decades ago.

That is the view of Mr Tan Teck Leng, a macro strategist at UBS Group's Global Wealth Management Chief Investment Office, who thinks the Monetary Authority of Singapore (MAS) could re-centre its policy band for the currency lower.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on February 20, 2020, with the headline 'Singdollar may fall to lowest level since 2017: UBS'. Print Edition | Subscribe