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USD/SGD consolidating near 200-day MA

USD/SGD consolidating near 200-day MA

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Sean Lee
22/05/2012 | 03:31 GMT

Not much bounce in USD/SGD today and it’s likely to stay quiet until the EU summit and the next round of Chinese economic data on Thursday. Interbank reports suggest that sellers will be patient until 1.2750 and that buyers will also hold back until 1.2550, which sounds like a recipe for range trading, exactly what USD/SGD does best.

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