USDSGD: SHORT [D] [10/07]
USDSGD | Weak SGD | 1.3945 – 1.3450
- MAS is expected to slightly increase the slope of its policy band for the third consecutive time during its April meeting, with the economy holding up and core inflation nearing 2 per cent.
- The SGD NEER was at 0.56% above the midpoint and is expected to trade between 0.4% to 0.9% above the mid-point, which implies a USDSGD range between 1.3852 and 1.3936.
- Sing found support above 1.3500 and has weakened all the way to 1.3950. Global economic weakness has put pressure on the SING.
- Key SELL area 1.3880/1.3840 R40
- MAS is expected to slightly increase the slope of its policy band for the third consecutive time during its April meeting, with the economy holding up and core inflation nearing 2 per cent.
- The SGD NEER was at 0.56% above the midpoint and is expected to trade between 0.4% to 0.9% above the mid-point, which implies a USDSGD range between 1.3852 and 1.3936.
- Sing found support above 1.3500 and has weakened all the way to 1.3950. Global economic weakness has put pressure on the SING.
- Key SELL area 1.3880/1.3840 R40