On one hand, in order to get sympathy votes from people and also a weakening economy globally. It won't help the ruling party if the election were to be held in a period of recession.
I am expecting a potential and sideways movement until the general election, which we'll then see massive easing measures to boost exports.
"Singapore June Factory Output Falls 4.4% Y/y; Est. 0.4% Drop"
A target of 1.5579 in the near term shouldn't be of any surprise, if the FED were to target a rate hike of at least 1% aggressively over the next year as said from the 'leaked' document.