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NEER Little Changed, USD/SGD Supported Below $1.36

SGD

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

  • USD/SGD has ticked lower today, following as broader USD trends are dominating flows. The pair was supported below $1.36 yesterday and finished dealing ~0.2% higher.
  • Bear's immediate focus is on the 20-Day EMA ($1.3580) to turn the tide on the prevailing uptrend, a break through here opens the 200-Day EMA ($1.3494). Bulls target the high from 30 Nov 22 ($1.3765).
  • A reminder that the local docket is empty today. The next data of note is Monday's August Export data.

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