The Singapore dollar has the strongest inverse correlation with the US dollar among Asian currencies. SocGen emerging Asia strategist Calvin Xie says an intensified dollar‑depreciation trade would favour the SGD; he expects gains driven by the currency’s tight negative USD linkage, limited central‑bank intervention, a booming AI export sector and relatively strong volatility‑adjusted returns during episodes of dollar weakness.

2026-09-03

The Singapore dollar has the strongest inverse correlation with the US dollar among Asian currencies. SocGen emerging Asia strategist Calvin Xie says an intensified dollar‑depreciation trade would favour the SGD; he expects gains driven by the currency’s tight negative USD linkage, limited central‑bank intervention, a booming AI export sector and relatively strong volatility‑adjusted returns during episodes of dollar weakness.