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Mixed Retail Sales Report

SINGAPORE

Singapore dollar is clawing back some losses after hitting session lows at 1.3339, the pair last down 8 pips on the session at 1.3358.

  • Data showed retail sales rose 6.2% Y/Y in March, below estimates at 7.1%. Retail sales ex autos rise 4.4%, beating estimates of 4.1%. Computers and telecommunications posted strong gains at 19.9%, but department stores/superstores saw sales decline 4.2% and 14.0% respectively.

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