Singapore dollar will hold its ground in 2023 even as policy tailwinds fade

The Singdollar’s resilience owe much to the country’s decision to start lifting Covid-19 curbs earlier than most of its Asian peers. PHOTO: AFP
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SINGAPORE – The Singapore dollar is set to end the year as Asia’s most resilient currency against an exceptional surge in the United States dollar.

But as the global macroeconomic environment changes in 2023 – significantly slowing growth and peaking inflation – some of its regional peers are likely to outperform it.

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