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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.
SGD
USD/SGD stopped short of hitting 2021 lows but failed to reclaim the 76.4% retracement level at 1.3245, the pair last flat at 1.3225.
- Fig.1: USD/SGD
Source: MNI/Bloomberg
- Data from IHS Markit showed Singapore MAY PMI at 54.4 from 51.8 previously. Commenting on the latest survey results, Jingyi Pan, Economics Associate Director at IHS Markit, said: "May PMI data reflected a still-expanding Singaporean private sector economy, although the return of Phase 2 restrictions dampened the optimism with regards to future output. A more cautious attitude surrounding hiring was apparent, even as demand continued to improve."
- On the coronavirus front Singapore will allow the use of Sinovac Biotech's vaccine after the WTO approved it as part of its emergency use listing. There were 34 new cases reported in the past 24 hours, the highest since May 24. It is expected Singapore will ease social distancing restrictions on June 13 if cases are under control.
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.
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