The SGD NEER is currently around +1.31% above its perceived parity.
OCBC Treasury Research noted:
For Singapore, the December PMI is due later today while the USD-SGD is expected to remain top heavy in the current environment.
At current levels, the SGD NEER is currently around +1.31% above its perceived parity (1.2370) with the extreme strong end of the NEER fluctuation band expected at around 1.2190.
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