USD/SGD Consolidating in Range as Singapore Economy Strengthens – Commerzbank
Commerzbank notes that strong Singapore manufacturing and electronics PMIs support a constructive growth outlook, with Q2 GDP expected to exceed Q1's 6% expansion, keeping USD/SGD range-bound.
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Commerzbank analysts highlight that robust Singapore manufacturing and electronics PMIs underpin a positive growth outlook. Q2 GDP is anticipated to surpass the 6% expansion seen in Q1. Against this backdrop, USD/SGD has eased slightly but continues to trade near this year's range, suggesting consolidation rather than a clear directional move.
Source: FXStreet Forex News