Australian dollar set to fall further to 0.9 against Singapore dollar
Singapore
AUSTRALIAN-DOLLAR bears are probably on the prowl, with pundits expecting the currency Down Under going further down to 0.90 from the current 0.92 against the Singapore dollar, courtesy of the Reserve Bank of Australia's dovish stance and its view that quantitative easing is "an option".
Philip Wee, DBS group research foreign exchange strategist, told The Business Times that his team sees the AUD-SGD bottoming out at about 0.90 in the next three to six months on the back of Australia's dovish monetary policy outlook.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
UBS reports first profit since taking over Credit Suisse
New Thai finance chief wants monetary, fiscal policies aligned
Australia’s central bank holds cash rate at 4.35%
Japan warns of action over rapid currency moves
Nomura targets 20% revenue growth from global markets business
Segantii allegations roil a go-to block trader for global banks