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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SGD
Singapore dollar on the backfoot along with most USD/Asia crosses, the pair last up 0.009 at 1.3255, but off session highs of 1.3287. Next resistance is at 1.3271 Jan 7 high. Resistance is at 1.3253, the early December low before pronounced US dollar weakness saw the pair trade towards 1.32. Near term support is seen at the psychological 1.32 handle, and then cycle lows at 1.3160.
Source: Bloomberg
- Singapore's December foreign exchange reserves rose 2.74% to $362.3bn, a familiar pattern across Asia as central banks contemplated a prolonged bout of US dollar weakness.
- Singapore has started to distribute the COVID-19 vaccine. Prime Minister Lee Hsien Loong took the Covid-19 vaccine on today, heralding the start of a nationwide drive to vaccinate staff across various public healthcare institutions ahead of an eventual rollout to the general public.
- Elsewhere UOB has priced Singapore's first security that uses SORA overnight indexed swap rate as its reference. Reset coupon rate of UOB's perpetual, non-call five-year additional Tier 1 securities on the first call date will reference the five-year SORA-OIS rate
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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