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US$ may rebound, signalling a 'choppy' quarter for equities

Greenback may stage temporary recovery against Asian currencies including the S$, says DBS research report

Published Wed, Jul 12, 2017 · 09:50 PM

Singapore

CURRENCY market movements are signalling a choppy third quarter for equities.

A DBS Group Research report dated July 10, 2017, said that the Singapore equity market was expected to "turn sideways in the third quarter of this year on the back of growth moderation, earnings uncertainty, and possible caution" leading up to the Federal Open Market Committee meeting in September.

The report added that the US dollar (USD) could strengthen against Asian currencies including the …

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