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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.
SGD
Singapore dollar weakened on Tuesday, USD/SGD rising as the greenback pushed higher. Rising US yields and pressure on equity indices kept broad dollar indices in favour, rising just shy of 0.5%. The pair rose as high as 1.3590, the highest since August 24, before pulling back slightly into the close. The rate last changing hands at 1.3571, down 8 pips on the session. Support is seen at a 23.6% retracement at 1.3567, while resistance is seen at the Aug 20 high of 1.3655 after which the 2021 high of 1.3693 awaits.
- Fig.1: USD/SGD
Source: MNI/Bloomberg
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.
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