USDSGD - Long term Cycle trough reached?
The SGD dollar has been strengthening since mid April and may be due for a reversion.
A rising Singapore dollar makes exports more expensive, (imports cheaper).
Currently, it has annual product exports of $323 billion and imports of $323 billion, giving it a neutral trade balance.
Price is currently approaching the lower edge of this cyclic range which may unbalance this neutrality if it exceeds it.
A rising Singapore dollar makes exports more expensive, (imports cheaper).
Currently, it has annual product exports of $323 billion and imports of $323 billion, giving it a neutral trade balance.
Price is currently approaching the lower edge of this cyclic range which may unbalance this neutrality if it exceeds it.
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