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DOLLAR-SING: USD/SGD last trades at SGD1.3892, 19....>

BRENT TECHS, DOLLAR-SING
DOLLAR-SING: USD/SGD last trades at SGD1.3892, 19 pips worse off as the
greenback has softened amid a modest improvement in sentiment. 
- Yesterday's European hours saw Singapore's PM Lee ask President Halimah Yacob
to call a snap parliamentary election. Lee said that he seeks to renew the
government's mandate, as he is preparing to lead the city-state through the
coronavirus crisis. The President agreed to dissolve parliament, setting the
scene for a poll slated for Jul 10. The incumbent People's Action Party, which
has ruled Singapore since its independence, is expected to remain at the helm.
- The 50-DMA has just crossed below the 100-DMA and bears look for a deeper
sell-off, past Jun 16 low of SGD1.3872. A break here would bring Jun 10 low of
SGD1.3804 into play. Bulls need a rebound above Jun 22 high of SGD1.3994 before
setting their sights on Jun 4 high of SGD1.4028.
- Looking ahead, Singapore's industrial output data will be released on Friday.

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