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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.
SGD
A weaker greenback saw USD/SGD move lower on Thursday, the pair fell to lows of 1.3329 near the US close. The rate last changing hands at 1.3334. Immediate support comes in the form of the 100-day moving average at 1.3326, minor support awaits at 1.3300, a 61.8% retracement level, while more significant support is seen at 1.3245 a 76.4% retracement level. Resistance is posed by a 50.0% retracement level at 1.3344, with the 50-day moving average at 1.3381.
- Despite an increase in coronavirus infections Singapore is keen to push ahead with plans to open its aviation industry according to Transport Minister Ong Ye Kung. "We hope we can achieve this mutual opening with Hong Kong," he said, adding that "we must try to achieve aviation opening in the near to medium term". Health officials have found two new cases in the past 24 hours, seemingly justifying stricter social distancing and border controls that are due to be enacted this week.
- 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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