USD/SGD expected to end 2015 at 1.37 - ANZ

FXStreet (Bali) - ANZ has downgraded the SGD, with USD/SGD now expected to end 2015 at 1.37 (vs 1.33 previously) and 1.38 by early 2016.

Key Quotes

"Domestically, Singapore’s activity and inflation numbers have been weaker than expected. Externally, EUR weakness and a sharp fall in the MYR bode ill for the SGD."

"S$NEER has been trading consistently below the mid-point, for the first time since mid-2012. We see a rising risk of a more modest appreciation S$NEER policy in the April policy review."

"We have downgraded the SGD, with USD/SGD now expected to end 2015 at 1.37 (vs 1.33 previously) and 1.38 by early 2016."

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