Forex Flash: USD/SGD, MAS to loosen policy in April 2013 – Capital Economics
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USD/SGD
"Today's GDP data show that Singapore's economy contracted more sharply than was previously estimated in Q3," says Asia Economist for Capital Economics Daniel Martin. The USDSGD rose to fresh 1-month highs at 1.2285 following the news.
"With meaningful recovery in the global economy still some way off, we expect next year to be another sub-par one for Singapore," Daniel expands, adding: "We retain our view that the central bank will loosen policy at its next meeting in April," the analyst concludes.
"With meaningful recovery in the global economy still some way off, we expect next year to be another sub-par one for Singapore," Daniel expands, adding: "We retain our view that the central bank will loosen policy at its next meeting in April," the analyst concludes.
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