TD Securities analysis team is expecting the MAS to reduce the slope of the SGD nominal effective exchange rate (SNEER) band by 50bp to what would amount to a 0.5% per annum slope according to our model, following an unchanged outcome in April. Key Quotes “We expect MAS to maintain its policy of “modest, gradual appreciation of SGD”. We expect the width and center of the SNEER band to remain unchanged. While not our base case we see risks skewed towards a bigger than forecast 100bp slope reduction to 0% vs. a no change outcome.” 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 Forex News Today: Daily Trading News share Read Next Breaking: GBP/USD soars above 1.25 amid Brexit optimism, after Barnier-Barclay meeting concludes FX Street 4 years TD Securities analysis team is expecting the MAS to reduce the slope of the SGD nominal effective exchange rate (SNEER) band by 50bp to what would amount to a 0.5% per annum slope according to our model, following an unchanged outcome in April. Key Quotes "We expect MAS to maintain its policy of "modest, gradual appreciation of SGD". We expect the width and center of the SNEER band to remain unchanged. While not our base case we see risks skewed towards a bigger than forecast 100bp slope reduction to 0% vs. a no change outcome." Regulated 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.
