Singapore Q2 GDP upgrade supports SGD against USD, Commerzbank says
Singapore’s final Q2 GDP was revised higher, lifting first-half growth to 6.1% year-on-year, and Commerzbank sees that strength supporting the Singapore dollar against the US dollar.
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Commerzbank analysts noted that Singapore’s final second-quarter GDP was revised upward, taking first-half growth to 6.1% year-on-year. The stronger growth picture prompted the Ministry of Trade and Industry to raise its 2026 GDP forecast.
According to the bank, the solid economic momentum supports the Singapore dollar against the US dollar.
Source: FXStreet Forex News