Singapore Dollar (SGD) performs poorly as a safe haven under a stress test. The stress test shows a strong recovery posted by US Dollar against other Asian currencies, according to a latest report published by Bank of America Merrill Lynch. Singapore Dollar (SGD) Forecasts According to Global Emerging Markets (GEM) Fixed Income Strategy report on Asia Strategy Watch released recently by Bank of America Merrill Lynch (BofAML), the USD/Singapore Dollar (SGD) forecasts are facing upside risks in light of the headwinds from a strong USD trend. Christy Tan and team feel the close correlation between the Swiss Franc (CHF) and Singapore…
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