The SGD NEER stands at around +0.38% above the perceived parity level (1.4373). Terence Wu, an FX strategist at OCBC Bank, takes a look at the USD/SGD outlook.
Key quotes
“With a potential turn in broad USD prospects, expect the USD/SGD to revert to an upside bias together with the rest of USD/Asia.”
“With a near term bottom likely in place at 1.4200, expect the USD/SGD pair to reach for 1.4400 as an immediate target.”
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