USD/SGD expected to test new lows this week after MAS tightens, says OCBC currency analyst Emmanuel Ng; “they have changed the rules of the game. The Singapore dollar will trade heavier over the next couple of sessions as the market will try to gauge where the new band is.”

Adds USD/SGD likely to end 2010 below 1.3000, further moves to depend on greenback's moves, central bank action. “As we go into the G-20 meeting, there is an unspoken consensus that faster rebalancing of FX rates is called for.” USD/SGD last 1.2917; touches record low 1.2886 after MAS policy statement, vs 1.3050 late Asia yesterday.