0349 GMT - The Singapore dollar would be an important asset to hold in one's portfolio given the end of U.S. exceptionalism, Bank of Singapore analysts write in a note. The SGD is proven a long-term store of value as it is one of the only two currencies that rises over decades against the U.S. Dollar, they add. The long-term strength of the SGD is due to Singapore is a small and open economy with large financial centers, which would attract major capital flows, they say. The Monetary Authority of Singapore targets the SGD rather than interest rates to keep inflation low, they say. The MAS policy is biased towards strengthening the SGD and the currency is less volatile to diversify out of the USD compared to the EUR, GBP and JPY, they add. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 04, 2025 23:49 ET (03:49 GMT)
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