AUD/SGD – Sell Bias on Macro Fundamentals
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.
