USD/SGD Moves In Range As Risk Assets Pressured By Sanctions Headlines

SGD: USD/SGD down slightly from Friday's close, but up ever so slightly on the session, last trades at 1.3342. The pair initially rose as DXY strengthened on the back of headlines that the US was to impose sanctions on at least a dozen Chinese officials, but this move has since given back.

• Domestic stock markets are flat after opening higher, the STI last down around 0.05%. There was initially some optimism after Singapore said it will keep searching for possibilities of travel bubbles with other regions even after an arrangement with Hong Kong suffered a setback,
• The Singapore-Hong Kong travel bubble, initially set for November 22, is up for review later in December. The arrangement was lauded as a pandemic world-first, allowing people to travel between the areas without the need for quarantine, but a surge in Hong Kong cases delayed the plan.