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Live News FX ARTICLE M impact

Singapore Dollar Gains Appeal as Carry-Trade Funding Currency Relative to Yen

Strategists said low borrowing costs and fading expectations for Singapore dollar appreciation are making it more attractive than the yen as a carry-trade funding currency.

DXY

Strategists said the Singapore dollar is becoming a more favored funding currency for carry trades than the Japanese yen. They attributed its appeal to low borrowing costs and easing expectations for currency appreciation, Bloomberg reported.