Singapore Dollar Underpinned by Strong Exports, Commerzbank Says
Commerzbank sees robust non-oil domestic exports, led by electronics and AI-related demand, as a key support for the Singapore dollar.
USDSGD
Commerzbank's Singapore-focused FX research points to strong non-oil domestic exports as a supportive factor for the Singapore dollar.
Electronics and AI-related demand are highlighted as the main drivers, with NODX growth already running above the government's upgraded full-year forecast.
The bank views this export momentum as underpinning the SGD in the current environment.
Source: FXStreet Forex News