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NEER Little Changed, Industrial Production On Tap

SGD

The SGD NEER (per Goldman Sachs estimates) is little changed this morning, we remain well within recent ranges. We now sit ~0.9% below the upper end of the band.

  • USD/SGD is a touch softer this morning, the pair is down ~0.1% from opening levels. Broader USD trends are dominating flows in early dealing on Friday.
  • Bulls look to target highs from March 10 at $1.3576. Bears first look to break the 20-Day EMA ($1.3416) to turn the tide.
  • In the wires today we have April Industrial Production, a rise of 0.1% M/M is expected whilst the Y/Y measure is expected to fall 4.5%.

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