As the coronavirus peak subsides in Singapore, its currency has strengthened by nearly ¾ of a percent overnight. Currently at 1.43233. This could indicate that those powers, corporate or sovereign, when the worst finally moves behind them and assuming that they still have any cash available, might exploit the advantage of getting back on its feet early to capture lost ground. Possibly at the expense of rivals.
Coronavirus Continues to Impact Markets
Analisi Giornaliera - 02/04/2020