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Strong Exports Fail To Move Currency

SGD

A strong set of export data from Singapore, electronics exports rose 24.4%, while non-oil exports rose 12.1% Y/Y against expectations of 12.1%. The rise is attributed to demand for chips and non-electronics such as petrochemicals, specialised machinery and pharmaceuticals.

  • USD/SGD uninterested though, sticking to its recent range, last up 3 pips at 1.3349.
  • Also some reports crossing the wires that Hong Kong will ban flights from Singapore April 29 after two passengers tested positive earlier this month. The ban is applied to Singapore Airlines budget carrier Scoot.

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