Economists at ANZ Bank are broadly neutral at the current level of EUR/SGD around 1.60. They see slight upside but 1.65 is still off-limit. Key quotes “We see a slight upside risk in EUR/SGD in the coming quarter. However, as seen in August, 1.65 remains a firm topside barrier which we expect to hold. Thereafter, we expect SGD to start to outperform EUR steadily through 2021, as the recovery of the Singapore economy gathers pace.” “As with other currency pairs, we expect relative growth and fiscal space to be key drivers over the longer-term.” “Given the relatively small range we expect the cross to trade in, we advise position taking at relatively extreme levels: toward 1.65 for turning short and 1.58-1.59 for picking up the cross. Small positive forward points are slightly to the favour of sellers.” 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 US Dollar Index climbs to 2-month peaks beyond 94.00 ahead of Powell, data FX Street 1 year Economists at ANZ Bank are broadly neutral at the current level of EUR/SGD around 1.60. They see slight upside but 1.65 is still off-limit. Key quotes “We see a slight upside risk in EUR/SGD in the coming quarter. However, as seen in August, 1.65 remains a firm topside barrier which we expect to hold. Thereafter, we expect SGD to start to outperform EUR steadily through 2021, as the recovery of the Singapore economy gathers pace.” “As with other currency pairs, we expect relative growth and fiscal space to be key drivers over the longer-term.” “Given the relatively small range we… 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.
