USD/SGD to move downward to 1.31 by end-2022 – ANZ

FXStreet Insights Team FXStreet

In the view of economist at ANZ, the S$NEER will rise towards the top of the policy band as the Singdollar appreciates on the back of MAS tightening. They expect USD/SGD to end the next year at 1.31.

MAS expected to tighten further and push the slope to 1.5% per annum

“We see USD strength eventually waning in 2022, as it has in the past when actual Fed rate hikes draw near. With the MAS expected to tighten further and push the slope to 1.5% per annum, we see the S$NEER eventually climbing towards the upper bound of the policy band, which could happen as the next MAS policy review in April approaches.”

“With the policy stance now back on an appreciation path, we forecast SGD to advance towards 1.31 by the end of 2022.”

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FXStreet Insights Team

FXStreet

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