Coupled with easing USD liquidity, analysts at ANZ Bank expect USD/SGD forward points to trade more steadily going forward
Key quotes
“We expect USD/SGD forward points to be less volatile going forward, after much gyration in the past three months.”
“On the upside, USD/SGD forward points should see less upward pressure, in contrast to February-March when the market was expecting MAS to ease policy.”
“On the downside, a repeat of the slump in H2 March due to USD liquidity stress is also unlikely.”
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