Forex $1 MM Challenge – Trade #10 (4-11-19) Sold EUR/SGD

At an ECB Press Conference yesterday, President Mario Draghi was shy about possible further stimulus to prevent the region from slipping into recession.  He also talked about the additional risks to the EU if Trump moves forward with his tariffs on $11 billion worth of European Union goods.

Monetary Authority of Singapore measures the Singapore dollar against a basket of its counterparts, adjusting the pace of appreciation as necessary.  Its decisions to tighten policy last year were spurred by rising inflation, underpinned by an improving labour market and robust economic expansion.

The take away is the Singapore dollar will potentially strengthen, while

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