Singapore Dollar to Remain Strong Amid US Debt Concerns

The Singapore dollar is expected to remain strong against the US dollar due to robust domestic growth and the US's struggles with national debt, volatile Treasury yields, and uncertainty over Federal Reserve interest rate moves.

The Singdollar has fallen 5.9% against the greenback in 2025 but weakened by only 1.56% so far in 2026, trading at around S$1.27 on Sept 8. Josh Gilbert, lead analyst for the Asia-Pacific and the Middle East at eToro, believes the trend will continue as long as the US debt story dominates headlines.

Singapore's strong domestic growth has allowed the Monetary Authority of Singapore (MAS) to tighten monetary policy twice this year, supporting the Singdollar. However, competing forces affecting the greenback may keep its exchange rate against the Singdollar volatile in the short term.