Options Perspective: USD/SGD
With the current climate of USD selling, we have seen USD/SGD slide to a low of 1.3733 in recent weeks. We have recovered above 1.38 now and while we do expect the SGD to continue to appreciate in the medium term, a shortterm rally in USD/SGD is likely, but topside should be capped at 1.415. The MAS policy meeting on the April 10 is of particular importance and the bank’s view on this is that this will cause USD/SGD to rally in the near term as the central bank should choose to put more emphasis on economic growth. [...]
