SGD NEER remains fairly stable

Expect the USD-SGD to be a touch heavy within a 1.2600-1.2700 band intra-day, says OCBC.

OCBC Treasury Research noted:

Expected Asian currencies to start the week on a somewhat supported footing but multi-session, much will depend on global growth prospects and risk appetite levels.

Currently, the SGD NEER remains fairly stable around -0.12% below its perceived parity (1.2640) and the associated strong and weak ends of NEER’s fluctuation bands are estimated at 1.2390 and 1.2900 respectively.

Intra-day, expect the USD-SGD to be a touch heavy within a 1.2600-1.2700 band.

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