SGD NEER to Trade 1.5-2% Above Midpoint: OCBC
OCBC FX strategist Sim Moh Siong expects the Singapore Dollar's nominal effective exchange rate to trade 1.5–2% above its midpoint, supported by de-dollarisation and safe-haven flows, though reduced carry may limit upside.
SGDUSD
OCBC FX strategist Sim Moh Siong forecasts the Singapore Dollar's nominal effective exchange rate (NEER) will trade 1.5–2% above its policy midpoint. The outlook is underpinned by ongoing de-dollarisation trends and safe-haven demand for the SGD.
However, reduced carry relative to other currencies may cap further gains. The NEER is the Monetary Authority of Singapore's key policy tool, managed against a basket of currencies within an undisclosed band.
Source: FXStreet Forex News