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NEER Little Changed On Monday, PMI Headlines Week's Docket

SGD

The SGD NEER (per Goldman Sachs estimates) is little changed in early dealing, the measure is well within recent ranges and sits ~0.3% below the top of the band.

  • USD/SGD was marginally firmer on Friday as broader USD trends dominated flows, with gains remaining capped at the 20-Day EMA ($1.3330).
  • On Monday the pair is unchanged from opening levels and sits at $1.3310/15.
  • Bulls immediate focus is on the 20-Day EMA ($1.3331), a break through here opens the high from 12 July ($1.3412). Bears target a break of the low from 14 July ($1.3172).
  • The highlight of the week is July S&P Global PMI, which is due on Thursday. Friday's Retail Sales print for June rounds off the docket.
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