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Economy highly open, the New Yuan may weaken due to the possibility of the United States raising tariffs

On January 7th, Kinsey Data reported that Mitsubishi UFJ Research and Analysis analysts stated in a report that due to the possible increase in tariffs by the United States, the Singapore dollar against the US dollar may fall to 1.3800 in the first quarter, rebound to 1.3750 in the second quarter, reach 1.3700 in the third quarter, and reach 1.3650 in the fourth quarter. Singapore’s high degree of openness makes it vulnerable to the negative spillover effects of global trade uncertainty and protectionism.

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