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Fibo Retracement Remains Intact

SGD

USD/SGD failed to consolidate below the 76.4% retracement of the YtD rally at SGD1.3245 yesterday, despite having a brief look under that level. This Fibo support continues to limit losses, with the rate struggling to breach it in today's Asia-Pac trade. Spot USD/SGD last sits at SGD1.3262, a handful of pips lower on the day & within Thursday's range.

  • MAS released March bank loans, money supply & foreign-currency deposits data earlier today, nothing to rock the boar there.
  • Singapore Institute of Purchasing & Materials will release the results of their latest PMI survey on Monday, while Markit PMI hits the wires on Wednesday alongside retail sales data.

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