Trade Truce May Throw Up a Surprise Winner: the Singapore Dollar
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The end of the U.S.-China trade war may throw up a surprise winner among Asia-Pacific currencies other than yuan: the Singapore dollar.
While traders have highlighted the Australian dollar, the Korean won or the Taiwan dollar as beneficiaries of a truce given the nations’ direct economic reliance on China, one metric shows that the Singapore dollar has the strongest link to the yuan among 12 currencies looked at by Bloomberg.