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MAS’s move to strengthen SGD unlikely to be ‘game changer’ for USD/SGD upward trend: analysts

THE surprise off-cycle move by Singapore's central bank to tighten monetary policy is unlikely to weaken the US dollar's (USD) strength against the Singapore dollar (SGD), analysts said.

The USD saw a knee-jerk 1 per cent fall against the SGD about 20 minutes after the Monetary Authority of Singapore (MAS) made its off-cycle announcement, its second such move this year, to combat rising inflation, even as it raised its core inflation forecast range to 3-4 per cent, from 2.5-3.5 per cent.

MAS typically...

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