FX analysts at Commerzbank say Singapore’s 2026 Budget emphasizes supply-side support, SME internationalization and capital-markets development, including fresh funding for the Equity Market Development Program and Anchor Fund. The Singapore dollar outperformed most Asian peers, with the Straits Times Index hitting a record high as USD/SGD hit a 10-year low.
Fiscal support and strong currency performance
“Prime Minister Lawrence Wong yesterday unveiled the 2026 budget, focusing on supply-side support and capital markets development.”
“In FX, USD-SGD was little changed yesterday at 1.2630.”
“The pair is reaching a 10-year low of 1.2580.”
“This year, SGD is the second-best performing Asian currency behind MYR (+4.0%) and THB (+1.9%).
“Year-to-date, the SGD is up 1.8% against the USD.”
(This article was created with the help of an artificial intelligence tool and reviewed by an editor.)
