The weakness in a strong Singapore dollar

COMPARED to regional currencies, the Singapore dollar (SGD) has stayed strong above the rest. With the US interest rate hikes set to be carried out towards the end of the year, we are seeing more fund outflows from developing countries like Malaysia and Indonesia. These funds flow back towards developed countries have resulted in the appreciation of the SGD compared to the rest. This has caused the SGD to appreciate to historic highs. Although Singapore's growth seems…