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SGD

USD/SGD is higher in Asia, the pair last changing hands at 1.3275, just below resistance at 1.3280.

  • USD had started on the back foot and USD/SGD dropped as low as 1.3251, but the greenback went bid after reports that US President Elect Biden is to propose a $2tn stimulus package saw UST's make session lows, pushing US yields some 3bps higher.
  • Earlier in the session the Health Ministry reported that over 6,200 people in Singapore have received their first dose of the vaccine, the country's population stands at about 5.7 million. Singapore is on track to have a total of 8 vaccination centres by end-February with four to be set up this month.

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