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Good one AlphaQuant,
From an amateur viewpoint (i.e. mine), I challenged DBS' bullish advice regarding the USD:SGD currency pair. Simple old me thought that if the US Fed has an open ended commitment to print more US$ this would serve to weaken their beloved currency - particularly against the S$, which is subject to rather rigid "in-band" and annual appreciation Government policies.
DBS pushed back strongly and Standard Chartered's latest Priority weekly also predicts, with a somewhat contrarian midset, a near term rebound of the US$ vs the Singie in the near term ........... but longer term the S$ continues on its upward rise. We'll see.
From an amateur viewpoint (i.e. mine), I challenged DBS' bullish advice regarding the USD:SGD currency pair. Simple old me thought that if the US Fed has an open ended commitment to print more US$ this would serve to weaken their beloved currency - particularly against the S$, which is subject to rather rigid "in-band" and annual appreciation Government policies.
DBS pushed back strongly and Standard Chartered's latest Priority weekly also predicts, with a somewhat contrarian midset, a near term rebound of the US$ vs the Singie in the near term ........... but longer term the S$ continues on its upward rise. We'll see.
(18-09-2012, 09:16 PM)AlphaQuant Wrote: MAS keeps the fluctuations of the usdsgd exchange rate within a band, of which they decide on the width, slope and the mean to execute their monetary policy.
different banks have different models to compute the NEER, but current level does seem to be at the lower band of the NEER, so it will be interesting to see what MAS does in October when they review the policies.
nonetheless, with the SGD one of the remaining 8 AAA rated soverign debts left, i think hot money inflow is inevitable in the long run
RBM, Retired Botanic MatSalleh