Sunday, 1 January 2012
SGD vs USD Exchange Rate forecast 2012
forex trading outlook today - SGD vs USD Exchange Rate forecast 2012 : Maybank says the USD/SGD may be weighed by the euro, the U.S. market and political-economic developments over the coming months. However, "given that the (Monetary Authority of Singapore's) policy decision was in-line with our expectations," the house maintains its end-2011 USD/SGD forecast of 1.3100 and end-2012 forecast of 1.2500. "We think the major risks for the Singapore economy may emerge from a much weaker than expected Eurozone economy as well as food price pressures over the near term," it says.
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