USD/SGD fell to a 7.5-month low of 1.3640 overnight, after the US Federal Reserve tamed expectations for interest-rate normalisation.
The Fed downplayed economic growth and inflation forecasts, and set expectations for just two interest rate rises this year, instead of four as it had previously primed the market for. The greenback slumped across the board on the Fed's much less-hawkish stance on monetary policy.
USD/SGD may break the August low of 1.3616 as the technical charts remain in favour of the Singapore dollar.
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The Fed downplayed economic growth and inflation forecasts, and set expectations for just two interest rate rises this year, instead of four as it had previously primed the market for. The greenback slumped across the board on the Fed's much less-hawkish stance on monetary policy.
USD/SGD may break the August low of 1.3616 as the technical charts remain in favour of the Singapore dollar.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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