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Singdollar Steady After Thursday's Industrial Output Miss

SGD

USD/SGD trades at SGD1.3542 at typing, back from a session high of SGD1.3556. A renewed upswing above Aug 20 high of SGD1.3655 would allow bulls to target Jul 20 cycle high of SGD1.3693. Conversely, a clean break under the 50-DMA/yesterday's low at SGD1.3537/1.3517 would prompt bears to take aim at Aug 4 low of SGD1.3473.

  • Singapore's industrial output for the month of July missed expectations, as data released yesterday showed a deeper than expected monthly contraction.
  • The Ministry of Health said Thursday that a cluster at Bugis Junction shopping mall added 40 new cases of Covid-19, after the bulk of the 38 cases declared Wednesday were linked to department store BHG.
  • Local PMI figures & retail sales will take focus on the data front next week.

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