the MAS’ breadth of regulation has expanded to thecryptocurrencymarket, as well. It meets only twice a year—in April and October—to set an exchange rate policy, which it uses as a tool of economic growth while uniquely allowing the city-state’s interest rate ...
From a technical perspective, this is also a good time to short USD/SGD as prices are rebounding from the underside of the rising Channel Bottom. 1.254 soft support has also been broken, and we could see 1.252 being tested. Whether price can break 1.252 and open up further bearish targets ...