USD/SGD: Around $2billion bought in intervention near 1.2200 on Friday

That’s the guestimate I’m hearing from one of the big banks, that agents for the MAS bought around $2 billion on Friday when USD/SGD neared the bottom of the presumed 2% trading band. The pair is slightly higher in early Asian trade although bounces have been small thus far.

Leave a Reply

Your email address will not be published. Required fields are marked *