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Singapore dollar's strong performance may end due to economic concerns and nearing policy band limits.
The Singapore dollar, which has been one of the best-performing currencies globally with a 5% increase against the US dollar in 2021, may soon face downward pressure.
Concerns over slowing inflation and economic growth, coupled with the currency nearing the upper boundary of the Monetary Authority of Singapore’s policy band, suggest its strong performance may end.
The MAS may need to adjust its policies, especially with a policy review in October, to address these economic factors.
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El fuerte desempeño del dólar de Singapur puede terminar debido a preocupaciones económicas y al acercamiento de los límites de la banda de política monetaria.