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. Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Leslie Tang    (65) 6320 1378    leslietang@maybank.com.sg