USD-SGD forecast to see a heavier 1.2550-1.2650 range
The extreme strong end and corresponding weak end of the NEER fluctuation band are estimated at 1.2355 and 1.2865 respectively, says OCBC Bank.
OCBC Treasury Research noted:
Positive EM FX performance from overnight and Asian equities getting off to a good start in early trading this morning bode well for Asian FX today. Our SGD NEER has ventured into positive territory at around +0.15% above parity (1.2600).
At current levels, the extreme strong end and corresponding weak end of the NEER fluctuation band are estimated at 1.2355 and 1.2865 respectively. In the interim, the USD-SGD may see a heavier 1.2550-1.2650 range.
This signals chemical firm Eastman’s commitment to its Asian clients.
Find out how the drastic changes in the industry and the “democratisation of information” have helped Saxo Bank succeed.
One of EASB’s full-time lecturer, Willard Tan, shares his incredible educational journey with EASB and how he gives back to his alma mater.
.jpg "Simon Tan")
