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28 Mar 2013
Forex Flash: SGD to underperform its regional peers - ANZ
FXstreet.com (Barcelona) - With USD/SGD last at 1.2432, off Tuesday's 19 fresh 7-month highs at 1.2530, “We see SGD underperforming some of its regional peers, and retain our recommendation to go long a basket consisting of KRW, PHP and CNY against SGD,” says Khoon Goh, Senior FX Strategist at ANZ.
“We expect MAS to keep the slope of the SGD NEER unchanged at 2% at its April meeting, with no change to the level or width of the band (2%),” the analyst adds.
“We expect MAS to keep the slope of the SGD NEER unchanged at 2% at its April meeting, with no change to the level or width of the band (2%),” the analyst adds.