Analysts project the Singapore dollar will strengthen against the US dollar in the second half of the year, even as expectations for a hawkish Federal Reserve support the greenback. Both outlets describe a scenario in which investor sentiment and positioning could favor the Singapore currency as the year progresses, notwithstanding higher interest-rate expectations in the United States.
One report cites forecasts that the currency could end the year around 1.26 US dollars per Singapore dollar (S$1.26), which would represent roughly a 2.4% gain compared with the prior week’s closing level of S$1.2912. The other report frames the outlook more broadly, saying strategists expect an appreciation path for the Singapore dollar despite the Fed’s stance.
Taken together, the coverage indicates a consensus expectation of SGD appreciation over coming months, with the timing focused on the second half of the year and the key reference point being an end-of-year level near 1.26 versus the US dollar.
