OUTLOOK 2021
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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
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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