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USD/SGD: A retest of the high of 1.46 is possible – ANZ

While we expect S$NEER to trade relatively steadily, the outlook for USD/SGD is less clear, per ANZ Bank. The currency pair is trading at 1.4271.

Key quotes

“With USD gyrating between sharp gains and losses since mid-February, we see the risk that USD/SGD could retest the high of 1.46 seen on 23 March if extreme risk aversion returns.” 

“We expect USD/SGD to peak at 1.475 by Q3 2020.”

 

New Zealand: GDP will drop 15% over the March and June quarters – Westpac

The Covid-19 lockdown was the right decision to save lives, but the economic cost will be severe. Economists at Westpac Institutional Bank set out the
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EUR/JPY accelerates the downside below 119.00

The increasing selling bias in the European currency is forcing EUR/JPY to shed further ground and break below 119.00 the figure on Tuesday. EUR/JPY m
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