USD/SGD to fall in Q2 within a 1.2800-1.3400 range – Credit Suisse
|Economists at Credit Suisse think USD weakness will push USD/SGD lower in a 1.28-1.34 range.
Prospect of a dovish Fed pivot means that the NEER basket will strengthen against the USD
“For USD/SGD, the movements of the broad US Dollar, rather than SGD NEER volatility, has been the bigger driver of USD/SGD over the last 12 months. We expect this trend to continue in Q2 2023.”
“The prospect of a dovish Fed pivot means that the NEER basket will strengthen against the US Dollar. Therefore, because of our view for a weaker USD against basket currencies (including JPY and EUR), we expect USD/SGD to fall in Q2 within a 1.2800-1.3400 range.”
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.