US dollar fixed deposits are gaining popularity, but do you need it?

Investors may want to relook their exposure to US dollar fixed deposits. If an individual does not need the foreign currency, he should just hold his money in the home currency, says one financial adviser. PHOTO: REUTERS
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SINGAPORE - The Singapore dollar has been on a roll since October and has continued rising against the US dollar in 2023 to hit a five-year high of 1.3 to the US dollar on Thursday.

Amid a rising Singdollar, investors may want to relook their exposure to US dollar fixed deposits.

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