SGD likely to slide to levels seen post-global financial crisis in 2008: analysts

It would slide past $1.45 against USD as MAS resumes easing.

According to Bloomberg, the Singapore dollar is likely to dip past the levels seen in the aftermath of the global financial crisis as the Monetary Authority of Singapore resumes easing policy in April. This came from analyst who’s correctly predicted the last three central bank decisions.

The authority, which uses the currency as a tool to manage the economy rather than interest rates, is set to lower the center of the band within which it steers the local dollar as Singapore’s export-driven economy feels more pain from China’s slowdown in 2017, according to Vaninder Singh, an economist at NatWest Markets, part of Royal Bank of Scotland Group Plc. The currency is set to weaken past S$1.45 against the greenback within the next six months, Singh said, a level last seen in August 2009.

Read more here.