US dollar may continue fall, but impact on Singapore stocks unlikely to be major
Counters may have USD-priced contracts, but these are usually hedged, say analysts; weaker USD also supports commodity prices, lifts sentiment
Singapore
THE US dollar (USD) could continue to trend downwards amid positive risk sentiment in markets, which could benefit Asian assets, with little downside expected for Singapore stocks with US exposure, say analysts.
Sim Moh Siong, currency strategist at Bank of Singapore said: "It is still a very risk-positive backdrop; there is still room for the dollar to weaken."
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Emerging-market optimism dashed by Fed as currencies, bonds sink
LHN warns H1 2024 net profit could decline by 28.6%
iPhone maker Hon Hai’s April sales rise 19% in positive signal
Worsening weather is igniting a US$25 billion market
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules