SGD Tipped to Strengthen Slightly Near Term -- Market Talk

Dow Jones05-06

0413 GMT - Technical indicators signal a bullish outlook for the SGD in the near term, say analysts at BMI, a unit of Fitch Solutions. They see two factors supporting the SGD in the coming months. One is the expectation that MAS will stand pat in July, letting the nominal effective exchange rate appreciate from current levels. Fed easing could lend further support. BMI tips 75bps of cuts in 2024, starting July. "If we are right, the greenback will depreciate in the months ahead." That said, if MAS eases in October by reducing the slope of the NEER policy band, as BMI expects, that will cap SGD gains, the analysts say. BMI keeps its forecast for the SGD to end 2024 at 1.35 per USD. USD/SGD was last at 1.3520. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

May 06, 2024 00:13 ET (04:13 GMT)

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BMI tips 75bps of cuts in 2024, starting July. \"If we are right, the greenback will depreciate in the months ahead.\" That said, if MAS eases in October by reducing the slope of the NEER policy band, as BMI expects, that will cap SGD gains, the analysts say. BMI keeps its forecast for the SGD to end 2024 at 1.35 per USD. USD/SGD was last at 1.3520. 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They see two factors supporting the SGD in the coming months. One...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGD","symbol_name":"SAFE & GREEN DEVELOPMENT CORP","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2433499056","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433499056","pubTimestamp":1714968780,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2024 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGD":"SAFE & GREEN DEVELOPMENT CORP","BK4024":"房地产开发"},"translate_title":"新币近期小幅走强——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SGD":1},"content_text":"0413 GMT - Technical indicators signal a bullish outlook for the SGD in the near term, say analysts at BMI, a unit of Fitch Solutions. 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