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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.
SGD
A weaker greenback dragged USD/SGD lower on Monday, the pair touched session lows of 1.3418 and closed at 1.3431; last down 3 pips at 1.3428. The rate has now dropped below the 23.6% retracement level at 1.3443 and bear will target the intersection of the 200-DMA and 38.2% retracement level at 1.3388.
- There are no releases on the economic docket today, participants will look ahead to CPI data tomorrow. CPI hit the highest level since 2014 last month, though a low base effect and transitory factors were cited as drivers.
- Fig.1: USD/SGD
Source: MNI/Bloomberg
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.
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