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NEER Within Recent Ranges, Data Docket Empty Today

SGD

The SGD NEER (per Goldman Sachs estimates) sits little changed from opening levels and well within recent ranges after firming earlier this week. The measure sits ~0.5% below the top of the band.

  • USD/SGD sits a touch below the 20-Day EMA ($1.3680) on Wednesday, the pair firmed yesterday as broader USD flows dominated.
  • On the upside bulls target the high from 30 Nov 22 ($1.3765), a break through here opens $1.3904 a Fibonacci projection. Bears look to target the $1.36 handle.
  • The local data docket is empty today, looking ahead tomorrow September Industrial Production crosses. On Fridays Q3 Home Prices are due as is September Unemployment.

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