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Singapore Dollar Is New Short as Asian Haven Falls From Favor

  • Aussie, baht, yen set to outperform Singapore dollar: OCBC
  • Goldman Sachs says MAS signaled it is done with tightening

Some of the biggest global banks are going short the Singapore dollar, saying the improving regional outlook is damping demand for its haven qualities.

Goldman Sachs Group Inc. recommends betting the island’s currency will weaken against the Malaysian ringgit after the Monetary Authority of Singapore signaled it has finished its tightening cycle. Societe Generale SA advocates going short versus the offshore yuan as China reopens its economy.