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NEER Steady, Data Docket Empty

SGD

The SGD NEER (per Goldman Sachs estimates) is steady this morning, we remain well within recent ranges. The measure sits ~0.4% below the top of the band.

  • USD/SGD continues to see-saw around the $1.33 handle as broader greenback trends dominate flows. A uptick in the USD yesterday saw the pair firm above the handle and we sit ~0.1% lower this morning at $1.33300/05.
  • The pair is in a technical downtrend, bears focus on a break of the low from 14 dec ($1.3254). Bulls focus on the 20-Day EMA ($1.3368).
  • A reminder that the data docket is empty for the remainder of the week.

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