Singapore dollar set for gains on MAS tightening stance, but outlook still clouded

MAS' policy tightening pushed the Singapore dollar to its highest level against the US dollar. ST PHOTO: KOLETTE LIM
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SINGAPORE - The Singapore dollar may continue to drift upwards in coming weeks, aided by Thursday's monetary policy tightening that sent the currency to its highest level in nearly two weeks.

But the outlook for more gains beyond the first half of the year is clouded by uncertainty about a host of issues, including the trajectory of inflation and possible weakness in the renminbi - the currency of Singapore's top trading partner China, analysts said.

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