Trial now

Price Signal Summary: USD Remains Below Recent Highs


Citigroup 3Pt on Tap


Repo Reference Rates


Find a bid on Gilts cut remit expectation

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

USD/SGD is trading broadly flat, but is holding most of yesterday's gain after the MAS unexpectedly tightened policy. The pair last down 4 pips at 1.3485, the lowest since September 23, and hovering around the 100-DMA at 1.3484 which coincides with a 38.2% retracement level. Below here are a 50.0% retracement level at 1.3422 and the 200DMA at 1.3408.

  • Fitch Solutions released a report earlier in which they posit the MAS are likely to tighten again in 2022, citing rising price pressures and strong economic growth. They note downside risks include spillover effects from slower growth in China and troubles in the Chinese real estate sector.
  • Elsewhere, Singapore Airlines will resume flights to London from November 18 citing strong demand. As a note travel lanes with several countries are due to open next week, with further countries added in October.