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Some COVID-19 Restrictions Relaxed From Today In Singapore


Singapore dollar is hovering around flat today after gaining some ground on Wednesday. USD/SGD is last at 1.3608 having lost 17 pips yesterday, the first fall for the pair in two sessions. The rate has been in an uptrend since earlier in August after bouncing off support at a 38.2% retracement level at 1.3488.

  • Singapore will today ease work from home rules which means hat around half of those currently WFH will be allowed to return to the office. Other restrictions being eased today as part of the reopening roadmap include dining in rules and widening entry approvals. The government is now aiming to reach the 80% vaccination level to further relax restrictions including travel.
  • There are no releases on the economic docket today, markets look ahead to CPI data next week.

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