The USD should remain under negative pressure in early 2021 as the market should still be focusing on positives and retaining a risk-on posture. However, some USD positive drivers are slowly developing under the radar. So watch for potential turning points that may shift attention towards this area and alter the USD trajectory.

While we have seen accelerated growth in online sales, it is not end of physical stores in Singapore. Among other things, location is the key factor that can help to cushion downside impacts. In the short term, non-performing tenants would depart, and malls may have to accept negative rental reversion to bring in new tenants. Over the long term, we expect the malls to continue to attract new tenants and to evolve with the times.

The rotation of funds from growth to value has begun with the recent breakthroughs in Covid-19 vaccines. Among the commodity space, we see oil benefiting from this rotation due to its relative value.

As policies continue to prioritise the development of natural gas as a way for China to reduce its reliance on coal, OCBC Credit Research weighs the merits and risks of investing in this USD bond issuer.

We focus on Singapore's favourite past-time: Food. Serving Chicken Joy fried chicken, Cheesy Yumburger and Spaghetti laced with sweet sauce, the company which is also the fast food champion of the Philippines has captured the hearts of families, individuals and our credit research analyst alike.

Our commodity calls are coming into play quite nicely. Oil appears to be at a critical juncture and looks poised for the next medium-term trend.

Our Chief Economist, Selena Ling, and our FX Strategist, Terence Wu, discuss the main takeaways from Singapore's 3Q GDP release and the MAS monetary policy statement.

What does this mean? What's the rational behind that? What's the possible implication on RMB? In this podcast, we will try to answer those questions.

Bullish agriculture, neutral crude oil and bearish industrial metals. Find out why in this week's edition of Commodities Tuesdays.