Risk of a Contractionary Singapore Budget Underpriced: Citigroup
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- A net fiscal impulse, cost-cutting measures for businesses and households, and subsidies to households are the areas which will have implications for Singapore monetary policy, Citigroup analysts write in note today.
Alert: HALISTER1- SGD now stronger than mid-point of its undisclosed NEER trading band
- A contractionary Budget may skew the balance of risks in favor of SGD shorts, Citigroup says
- USD/SGD up 0.3% to 1.3705
- EUR/SGD up 0.3% to 1.5317
- NOTE: The Singapore government will present its 2016 budget in parliament at 16:00 local time; see link here
- See Singapore budget preview here
Source: BFW (Bloomberg First Word)
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UUID: 7947283