Singapore Dollar: Two-way trade persists against US Dollar – OCBC
OCBC’s Christopher Wong describes USD/SGD as range-bound, trading two-way in subdued fashion, driven by US Treasury yields, USD moves and RMB sentiment. Strong PMI data are unlikely to change MAS policy after October’s decision to maintain the appreciation stance. With S$NEER in the upper half of its band, SGD outperformance may be limited unless the Dollar weakens substantially.