
Fight or flight: More investors jittery over sustained SGD weakness
They’re moving away from SGD share classes.
More investors are expecting the Singapore dollar to lose its fight against the greenback, the latest J.P. Morgan Investor Confidence Index revealed.
The survey showed that number of investors who expect the Singapore dollar to depreciate from current levels against the US dollar jumped 13 percentage points to 27%.
This figure is almost double the 14% that was recorded in June 2014. Slightly under half think the local currency will remain stable.
Among those who expect the local currency to appreciate against the greenback, the proportion likely to invest in
Singapore dollar share classes, fell 15 percentage points to 38%.