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Free AccessDOLLAR-SING: USD/SGD has meandered, but last sits....>
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
expected.
- 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.
To read the full story
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Please enter your details below.
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.