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Free AccessSocial Distancing Measures To Be Reviewed
Singapore dollar finished flat on Thursday, USD/SGD did drop as low as 1.3494 before recovering. The pair last trades up 1 pip at 1.3511. Familiar technical levels remain in play; resistance is seen at the 23.6% retracement level 1.3567 while support seen at a 38.2% retracement level 1.3488.
- There were 96 coronavirus cases in the past-24 hours, below 100 for a third day. The government are due to review social distancing measures, Finance Minister Lawrence Wong said the government will give an update of the Covid-19 situation soon.
- Foreign reserves data will be released later in the session, SGD has moved as a function of the greenback this week. A pre-NFP malaise is likely to keep today a quiet and rangebound session.
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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.