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Singapore To Expand Vaccination Campaign Next Month

SGD

USD/SGD last operates at SGD1.3424, a touch lower on the day and still within the confines of Thursday's range. The Singdollar is among the few Asia which have outperformed the USD this week, even if by a very narrow margin.

  • The gov't said Thursday that the vaccination campaign will be expanded to Singaporeans aged 12 and older as well as permanent residents and work-permit holders aged 39 and younger from Jul 2. FinMin Wong suggested that public health protocols will be eased for vaccinated people.
  • Singapore's industrial output comes out today. The main data highlight next week is Friday's PMI report.
  • Bears need the rate to break out of this week's range and dip through Jun 21 low of SGD1.3418, before taking aim at the 200-DMA, which intersects at SGD1.3384. Conversely, gains past Jun 22 high of SGD1.3476 would give bulls a green light for targeting Mar 25 high of SGD1.3495.
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