SINGAPORE, May 8 -- The Singapore dollar is reportedly expected to rise further against the US dollar in the coming months, despite a recent surge driven by optimism over easing trade tensions, analysts said.

According to a report in Channel News Asia (CNA), one economist believes the two currencies could eventually be valued equally.

The Singapore dollar is reportedly trading at around 1.29 to the greenback, after reaching a 10-year high of 1.28 last year.

Christopher Wong, an foreign exchange (FX) strategist at OCBC, noted that the Singapore dollar has appreciated by about 5.8 per cent so far this year, according to the report.

"This was due to a sharp US$ sell-off and signs of tariff de-escalation," he was quoted as saying.

He rep...