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USD/SGD forecast to reach 1.53 by March next year

Jude Chan Published on Wed, Apr 26, 2017 / 3:31 PM GMT+8

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SINGPAPORE (April 26): 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.

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