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Social Distancing Measures To Be Reviewed

SGD

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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