Forex - Singapore Flows: USD/SGD testing the 1.3535 support amid trade uncertainty


 03:19 (GMT) 04 Dec

  [Forex Flows]

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Singapore Flows: USD/SGD testing the 1.3535 support amid trade uncertainty (0101-PXVJ-C01)

Weakness in the dollar continued to hold back USD/SGD's recovery, as Trump suggested that a trade deal after the U.S. presidential elections might actually be a better idea. USD/SGD slipped to a more than one week low at 1.3636 during the early Wednesday's hours, before rebounding slightly to 1.3646 at last look. Singapore's Purchasing Managers Index (PMI) saw a slight uptick in November to 49.8 from 49.6 previously. The PMI contracted for the seventh consecutive month since May and raised further concerns on the health of the domestic economy. Pair may reeye the 1.3535 support. If broken, we will turn our attention to the 1.3596 support next. STI was down 0.83%, SGD NEER was 1.50% above midpoint.


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