AUD/SGD had a good run, up 4.4% in July-August. At any rate, the cross respected top side barrier at 1.01, which has not been breached since late 2018, suggesting the pair peaked at par, according to analysts at ANZ Bank. Key quotes “We expect AUD to continue to benefit from an improving external environment (notably in China) and USD weakness, amid ample global liquidity. The domestic picture is weaker, but there is fiscal space to provide further support to the economy. We thus expect AU/SGD to trade around the current level after a run-up in JulyAugust.” “Our current forecast profile points to a broadly steady AUD/SGD in the coming year. Clearly, the farther into 2021, the higher is the risk of a change in the profile. However, at least for the near-term, a steady AUD/SGD could see implied volatility falling further.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next CHF: SNB To Stay The Course On FX Trying To Minimize The Pain – BofA Kenny Fisher 1 year AUD/SGD had a good run, up 4.4% in July-August. At any rate, the cross respected top side barrier at 1.01, which has not been breached since late 2018, suggesting the pair peaked at par, according to analysts at ANZ Bank. Key quotes “We expect AUD to continue to benefit from an improving external environment (notably in China) and USD weakness, amid ample global liquidity. The domestic picture is weaker, but there is fiscal space to provide further support to the economy. We thus expect AU/SGD to trade around the current level after a run-up in JulyAugust.” “Our current forecast profile… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
