SGD crosses: Buy dips for JPY/SGD, AUD/SGD and still bearish GBP/SGD - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Irene Cheung, Senior FX Strategist at ANZ, had reviewed their SGD crosses in the wake of MAS’s shift to a neutral S$NEER policy last week.

    Key Quotes

    “The MAS’s move reinforces our view of buying dips for EUR/SGD and JPY/SGD. However, we remain bearish on GBP/SGD.

    AUD/SGD has performed better than our expectation. In the near term, we continue to favour buying dips for AUD/SGD. Trade the range for NZD/SGD, a good candidate for yield enhancement investments.

    We expect SGD to outperform the CNH but underperform the MYR.”
    For more information, read our latest forex news.

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