AUD/SGD enters the week with no significant economic events for either the Australian or Singaporean dollar. In such a scenario, the Singapore dollar's defensive nature and stability tend to come into play, while the Australian dollar, as a risk-on currency, can weaken in quiet or uncertain global environments.
With China-related risks still lingering in the background and no domestic news to lift AUD, it is fundamentally vulnerable to underperformance against SGD.
**In summary:**
Expect AUD/SGD to trade with a bearish bias this week, as macro conditions and risk-off sentiment benefit the Singapore dollar over the Australian dollar in the absence of meaningful news.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.