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Market Chatter: Singapore Dollar Poised to Strengthen Against US Dollar in H2

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The Singapore dollar is expected to strengthen against the U.S. dollar during the second half of the year, Bloomberg News reported on Monday.

According to strategists' estimates, the currency is expected to end the year at 1.26 against the US dollar, representing a gain of around 2.4%, the report said.

Meanwhile, the Australia & New Zealand Banking Group is expecting the Monetary Authority of Singapore to further tighten, which could strengthen the dollar to 1.2550 by the end of the year, the report noted.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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