The fact that the Chinese authorities felt compelled to cut lending rates suggests enough concern about the economic outlook that continued Chinese currency outperformance seems much less likely. Jonathan Cavenagh More Quotes by Jonathan Cavenagh More Quotes From Jonathan Cavenagh Still, with an already weak inflation backdrop, a little bit of MAS easing expectation may creep back into the market, so hard not to see USD/SGD higher on the back of this, with the 1.3700 level now a reasonable upside target. Jonathan Cavenagh industrials
