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DOLLAR-SING: USD/SGD has meandered, but last sits slightly higher amid a
slightly defensive feel, with Covid-19 situation in China & inter-Korean
tensions taking centre stage. Elsewhere, Singapore's non-oil domestic exports
unexpectedly shrank on a Y/Y basis, even as electronic exports rose more than
- With the pair sitting +11 pips at SGD1.3958, bulls look for a rally through
Jun 15 high of SGD1.3982, towards the round figure/23.6% retracement of the Mar
23 - Jun 10 fall at SGD1.4000/03. Bears need a drop below the 200-DMA at
SGD1.3857 before taking aim at Jun 10 low of SGD1.3804.
- ICYMI, Singapore's Transport Min said yesterday that the city state will
suspend the construction of a new terminal at its Changi Airport for at least
two years, amid uncertainty around the outlook for the aviation industry.