0641 GMT [Dow Jones] OCBC Research expects the USD/SGD to trade around
1.2900 toward the end of 2Q and then 1.3000 by the end of 3Q before
falling back to 1.2800 by the end of the year. "Portfolio inflows into
Asia remain uncharacteristically anemic...in view of the intractable
European situation that has now infected the global economy," OCBC
says. "The pan-Asian inflation story continues to be largely a fallacy
with falling headline and core inflation rates across the region
expected to persist into 2H 12." The USD/SGD is now at 1.2675 vs
1.2663 in early Asian trading. (samuel.holmes@wsj.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
June 18, 2012 02:41 ET (06:41 GMT)
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