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NEER Little Changed, Broader USD Trends Dominate Flows For USD/SGD

SGD

The SGD NEER (per Goldman Sachs estimates) is little changed in early dealing on Tuesday, the measure sits well within recent ranges and is ~0.6% below the top of the band.

  • USD/SGD fell ~0.4% yesterday as broader greenback trends dominated flow, the pair found support below the $1.36 handle and sits a touch above the figure in early trade today.
  • Bears immediate focus is on the 20-Day EMA ($1.3566) to turn the tide on the prevailing uptrend, a break through here opens the 200-Day EMA ($1.3491). Bulls target the high from 30 Nov 22 ($1.3765).
  • A reminder that the local docket is empty this week.

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