MAS Singdollar policy tipped to be in neutral gear for a while

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.