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DOLLAR-SING: USD/SGD has given away 14 pips and......>

BRENT TECHS, DOLLAR-SING
DOLLAR-SING: USD/SGD has given away 14 pips and last changes hands at SGD1.3919.
The recent bearish cross of the 50-DMA below the 100-DMA may be helping the rate
lower. Downside focus falls on Jun 24 low/200-DMA at SGD1.3871/62, followed by
Jun 10 multi-month low of SGD1.3804. Bulls need to clear Jun 22 high of
SGD1.3994 before targeting Jun 4 high of SGD1.4028.
- Singapore's  Communication Minister said that the city-state has never
excluded any company from becoming a vendor for Singaporean 5G network, adding
that the gov't is satisfied with telecom operators' choice.
- These comments came after local telecom operators chose Ericsson AB & Nokia
Oyj as the main providers of 5G network. Huawei was chosen as the provider of a
smaller, less significant network system.
- Singapore's industrial output will be published tomorrow, concluding local
data releases for this week.

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