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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
A stronger greenback in the Asia and European's session pushed USD/SGD to highs of 1.3521, just 10 pips shy of the 2021 high. As the session wore on USD pulled back as risk appetite improved into the weekend which saw USD/SGD finish in negative territory for the day. The pair last trades up 6 pips at 1.3473.
- Fig.1: USD/SGD
Source: MNI/Bloomberg
- The number of coronavirus cases in Singapore has fallen to the lowest since early June, there were three cases found in a 24 hour period. The government attributed the low case numbers to a vaccination push, the government is seeking to loosen some social distancing measures on July 12 after a five-day streak of single digit case numbers. Elsewhere there were reports over the weekend that the government has advised employers they can make getting the COVID-19 jab mandatory for those working in high risk settings, though they were advised not to do so.
- On the data front participants await PMI data from Singapore, while retail sales for May will be released later in the session.
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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