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.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you