Wny no need for S$ appreciation

In Currencies, Economy on 19/04/2016 at 6:16 am

S$ up 6% against US$. LOL

  1. USD/SGD has already gotten back to the same rate prior to the 14 Apr change in MAS NEER policy. Good for barely 5 days (including the weekend).

    MAS is losing the quantitative easing game to other central banks. Be prepared for MAS to start actively devaluing SGD going forwards.

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