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US dollar weakening to extend into 2021, lends strength to Singdollar

    Claudia Tan HS

    Published Thu, Dec 31, 2020 · 09:50 PM
    USD loses ground as investors bet on riskier assets

    Singapore

    THE Singapore dollar (SGD) is expected to strengthen in 2021 as improvement in global risk appetite continues to weigh on the US dollar (USD).

    This comes as investors cast away safe havens, driving more inflows into riskier assets amid loose fiscal and monetary policy, diminishing uncertainty surrounding the US presidential elections and prospects of an economic recovery.

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