Free Trial

1.32 In Focus

SGD

SGD is one of the poorer performers against the US dollar in Asia, but has managed to hold below 1.32 after touching the lowest level since mid-2018 on Wednesday.

  • From a technical perspective next resistance is 1.3200 which was rejected earlier today, and 1.3204, the upper channel of the downtrends from Dec 28. Near term support at 1.3160, the 2021 low with Major support at the January 2018 low of 1.3009
  • Yields are flat on the session, but the 2-/10-Year spread is some 10bps wider in 2021 so far as on some bull steepening.
  • Foreign reserves data for December is due at 0900GMT/1700GMT

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.