During 2020 the Singapore dollar strengthened against the US dollar from 1.3453 to 1.3211.
According to economists at MUFG Bank, neutral SGD NEER policy is likely to be maintained which should dampen Singapore dollar gains.
we can see short trade progressing towards the downside, baring the weakness of the USD continues.
This neutral policy will set the tone for USD/SGD trading for the whole of 2021, setting constraints for Singapore dollar gains despite extended dollar weakness and potential improvements in current account surpluses. Further monetary easing is unlikely this year as fiscal policy is doing the heavy lifting.”
According to economists at MUFG Bank, neutral SGD NEER policy is likely to be maintained which should dampen Singapore dollar gains.
we can see short trade progressing towards the downside, baring the weakness of the USD continues.
This neutral policy will set the tone for USD/SGD trading for the whole of 2021, setting constraints for Singapore dollar gains despite extended dollar weakness and potential improvements in current account surpluses. Further monetary easing is unlikely this year as fiscal policy is doing the heavy lifting.”