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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
As the number of cases in Singapore creeps higher the Hong Kong-Singapore travel bubble has been delayed, of particular concern is the increase of cases tied to the Indian variant. Of the 38 cases found on Sunday 6 tested positive for the Indian variant.
- Singapore dollar has weakened recently, USD/SGD rose around 1% last week. The pair last trades down 6 pips on the session at 1.3350, just below a 38.2% retracement level at 1.3388 which denotes the May high so far. Support is seen at 1.3344, a 50.0 retracement level. The pair also continues to hover in a narrow band between its 50-day moving average at 1.3371 and 100-day moving average at 1.3326.
- FIg.1: USD/SGD
Source: MNI/Bloomberg
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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