DOLLAR-SING: USD/SGD oscillates around unchanged.....>

DOLLAR-SING: USD/SGD oscillates around unchanged levels, with little to move the

needle either way seen on the wires. Singapore is in the midst of an election

campaign, which kicked off yesterday as the city-state prepares for a Jul 10

general election.

- Singapore's Foreign Min Balakrishnan said tat around 60,000 foreigners lost

jobs due to the coronavirus pandemic. He noted that the ruling People's Action

Party's campaign platform will focus on jobs.

- Singapore PM's brother withdrew from standing in next week's general election.

He was expected to run after joining the opposition Progress Singapore Party.

- USD/SGD trade flat at SGD1.3935, with topside focus falling on Jun 22

high/23.6% retracement of the Mar 23 - Jun 10 slide at SGD1.3994/1.4003. A break

here would give bulls a fresh impetus, while bringing the 50-DMA at SGD1.4065

into play. Bears keep an eye on the 200-DMA at SGD1.3866 and should that level

give way, they could target Jun 10 low of SGD1.3804.

- Singapore's PMI data & retail sales come out on Friday.