On world financial markets, 2020 has begun the same way 2019 ended. Its waters remain a wild place, one where its waves can capsize the unaware at a moment’s notice. Question now is: how will Singapore dollar perform in 2020?
For starters, a no-deal Brexit remains a frightening possibility. The Trump presidency continues to surprise, to say nothing of the prospect of a Sanders administration. Hong Kong continues to fall from grace, as Beijing tightens the chain around its throat.
Suffice to say, investors are fervently searching for a safe harbour. For many, the Singapore dollar (SGD) is the sturdy port they’ve been searching for. A politically stable crossroads of regional trade, Singapore has long been a favourite of those looking for security. In light of recent events, this city-state has never looked quite so attractive.
Is Singapore dollar a viable play? And if so, how can the resourceful...