Title

Category

Others Stock

[SGX] Get Intraday Daily Updates

Deutsche Bank's Asia Pacific CIO Tuan Huynh says it currently forecasts USD/SGD to rise to 1.53 in March 2018, following a decision by the Monetary Authority of Singapore (MAS) to keep its monetary policy stance unchanged.

In a semi-annual announcement this week, Singapore's central bank said it is keeping its zero-appreciation stance of the Singapore dollar against a trade-weighted basket of currencies to ensure "medium-term price stability".

The policy has been implemented since April 2016.In Deutsche Bank's weekly CIO Insights bulletin, Huynh says MAS's announcement comes despite a slightly more optimistic growth outlook for Singapore.

Trade-related sectors have picked up, but concerns remain over other sectors still dampened by weak domestic fundamentals, Huynh says.

As the Fed moves to hike policy rates further and drive central bank divergence, Huynh expects the USD/SGD to climb, on the back of renewed USD strength.

USD/SGD stood at levels of just below 1.40 following the MAS announcement.

Meanwhile, Deusche Bank's global CIO Christian Nolting says sentiment in Asia will continue to be driven by Chinese developments, with data interpretation focused on policy implications.

Hot Singapore Stocks of the Day:
Black Gold Natural
Genting Sing
GSS Energy
YZJ Shipbldg SGD

So Earn more trade on These Stocks . . . . . .

Our Recent Stock Recommendations:
SGX INTRADAY SIGNALS: BUY AEM AT 1.85 TARGET 1.92, 1.99 SL 1.77

Stock Recommendations Updates:
SGX HOLDING UPDATE: AEM AT 2.00, OUR FINAL TARGET DONE

Get Live Trading Signal With Us – www.mmfsolutions.sg
reply
In March 2018, following a decision by the Monetary Authority of Singapore (MAS) to keep its monetary policy stance unchanged.

MAS is the central bank of Singapore.To promote sustained non-inflationary economic growth, and a sound and progressive financial centre.

LIVE Trading STOCK SIGNALS With : http://www.mmfsolutions.sg/

Live Update : https://bursa-malaysia-trading-signals.blogspot.com/
reply
Quotes are delayed at least 15 minutes. Stock charts are updated at the end of the trading day. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Tradesignum is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Tradesignum website, you agree not to redistribute the information found herein.
loading...loading