Friday, August 11, 2017

FW: [Maybank] SGD: Healthy GDP Growth Supportive



GBL: SGD: Healthy GDP Growth Supportive

FX Flash
by Saktiandi Supaat

FX Research

The SGD found support from the better-than-expected final GDP print for 2Q. Healthy macroeconomic fundamentals, mildly expansionary fiscal policy and expected MAS shift to a "mild appreciation bias' at its Oct meeting should keep the SGD supported and cap USDSGD upside in the next three-to-six months. In the nearer term, some upside risks to the USDSGD are possible though.

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