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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.
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Free AccessDOLLAR-SING: USD/SGD sank yesterday, pressured by....>
DOLLAR-SING: USD/SGD sank yesterday, pressured by an improvement in risk
sentiment. In Singapore, eyes were on local economic data, with above-forecast
final Q1 GDP figures coupled with warnings re: the outlook for growth and labour
market conditions. CPI slightly missed expectations, while industrial output
considerably overshot projections, amid another surge in pharmaceuticals.
- Also yesterday, Singapore's FinMin Heng Swee Keat unveiled the city-state's
fourth fiscal stimulus package, worth SGD33bn. Heng told lawmakers that "the
central focus of this budget is jobs".
- USD/SGD holds a tight range this morning, last sits at SGD1.4173, 11 pips
better off. A break above the 50-DMA at SGD1.4244 & May 25 high of SGD1.4269
would expose May 15 high/38.2% retracement of the Mar 23 - Apr 30 sell-off at
SGD1.4279/90. Bears look for a dip below channel floor at SGD1.4139, towards May
20 low of SGD1.4121.
To read the full story
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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.