USD/SGD: Forecasts raised to 1.3750 in three months and 1.3200 in 12 months – MUFG
|In September, the Singapore Dollar weakened against the US Dollar. Economists at MUFG Bank analyze USD/SGD outlook.
SGD to move more in line with US Dollar trend with MAS remaining on hold
We raise our USD/SGD forecasts to 1.3750 in three months and 1.3200 in 12 months.
We see SGD moving more in line with the US Dollar trend with MAS remaining on hold over the forecast horizon, but with the next move tilted slightly towards an easing move given slow global growth.
USD/SGD – Q4 2023 1.3750 Q1 2024 1.3550 Q2 2024 1.3350 Q3 2024 1.3200
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