The SGD NEER stands at around +0.40% above the perceived parity level (1.4374). Terence Wu, an FX strategist at OCBC Bank, analyzes the USD/SGD outlook. Key quotes “The +0.40% to +0.60% above parity level may be a cap for the SGD NEER for now, limiting the downside of the USD/SGD now that broad USD prospects have likely turned.” “Expect the USD/SGD pair to keep stretching for the 1.4400 target into the end of the week, while the 1.4290/00 level supports.” 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 USD/CHF hits 1-1/2 week tops, around 0.9775 region amid notable USD demand FX Street 2 years The SGD NEER stands at around +0.40% above the perceived parity level (1.4374). Terence Wu, an FX strategist at OCBC Bank, analyzes the USD/SGD outlook. Key quotes “The +0.40% to +0.60% above parity level may be a cap for the SGD NEER for now, limiting the downside of the USD/SGD now that broad USD prospects have likely turned.” “Expect the USD/SGD pair to keep stretching for the 1.4400 target into the end of the week, while the 1.4290/00 level supports.” 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.
