The Singapore dollar is facing renewed headwinds as the US dollar continues to strengthen, according to analysts at Commerzbank. The currency pair has been influenced by shifting expectations around US interest rates and broader risk sentiment in global markets. Commerzbank’s currency strategists note that the US dollar has gained momentum on the back of resilient US economic data and a hawkish tone from the Federal Reserve. This has put pressure on Asian currencies, including the Singapore dollar, which is sensitive to both trade flows and capital movements.