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.