HALISTER1: Buy USD/SGD Targeting 1.5000 in Twelve Months, Redward Says

Buy USD/SGD Targeting 1.5000 in Twelve Months, Redward Says

(Bloomberg) -- Singapore dollar looks increasingly vulnerable based on its position in SGD NEER target zone, possibility of USD strength and potential action by the MAS, Peter Redward, principal at Redward Associates, says in an interview.
  • Redward’s short-term indicator model points to SGD over- valuation, with fitted value currently at 1.4367 vs USD
  • SGD model drivers consist of; 5-country proxy USD index, gold prices, MSCI EM Asia index, MOVE index, and USD-SGD 10- year interest rate differential
  • Says U.S. nonfarm payrolls on March 4 may exceed median estimate of 185k if recent improvements in U.S. data continue
  • USD/SGD up 0.2% to 1.4105; earlier touched 3-week high at 1.4119
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Peter Redward (Redward Associates Ltd)

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