USD/ SGD to decline to 1.30 by Q4 – TDS

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The Monetary Authority of Singapore (MAS) is likely to steepen the S$NEER slope by 50 bps. SGD should benefit from a further tightening of monetary policy settings, in the opinion of economists at TD Securities.

“We expect the MAS to tighten monetary policy settings through a steepening in the slope of the S$NEER band at its April MPS, likely on 14 April.”

“SGD should benefit from a further tightening of monetary policy settings and we suggest selling USD/SGD on rallies up to around 1.34.”

“Expect USD/SGD to fall to 1.30 by Q4.”

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