MAS Singdollar policy tipped to be in neutral gear for a while
Add BT as a preferred source
Singapore
THE Singapore dollar nominal effective exchange rate (SGDNEER) path may not return to appreciation bias until as late as 2022, analysts say.
But punters may already be betting on the SGD, with HSBC currency strategist Joey Chew dubbing the market "emboldened by diluted forward guidance". Commentators believe the SGD could end the year against the greenback at 1.35 or 1.36, strengthening again to 1.31 or 1.32 by end-2021.
TRENDING NOW
The S$1 million National Day paradox: ‘money dysmorphia’ amid a wealth surge
CapitaLand Investment to restructure portfolio, recycle up to S$9 billion
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
