An 11-month drop in non-oil exports is concerning given trade reliance and global demand woes.
The currency is vulnerable to a drop in the Asian rankings as investors seek refuge in the US dollar amid rising Treasury yields.
Analysts at Standard Chartered Bank, Oversea-Chinese Banking Corp and Skandinaviska Enskilda Banken AB expect the Singapore dollar to underperform its Asian counterparts in the coming months. The city-state has already cut its growth projection for 2023 and third-quarter economic growth data due this week may show a slower pace of expansion on a year-on-year basis.
Italia Ultime Notizie, Italia Notizie
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