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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

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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