USD/SGD: A retest of the high of 1.46 is possible – ANZ
|While we expect S$NEER to trade relatively steadily, the outlook for USD/SGD is less clear, per ANZ Bank. The currency pair is trading at 1.4271.
Key quotes
“With USD gyrating between sharp gains and losses since mid-February, we see the risk that USD/SGD could retest the high of 1.46 seen on 23 March if extreme risk aversion returns.”
“We expect USD/SGD to peak at 1.475 by Q3 2020.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.