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.
USD/SGD consolidating near 200-day MA
Most Popular
- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Has the SNB pain threshold on the Swiss franc shifted?
- investingLive Asia-Pac FX news wrap: Still rising Australian CPI boosts RBA rate hike bets
- China approves first imports of Nvidia’s H200 AI chips
- Goldman Sachs: investor risk appetite remains elevated despite geopolitical risks
- BoJ minutes recap: weak yen and labour crunch shape rate hike debate
- Trump may time Fed chair pick with 'on hold' January FOMC policy meeting
ADVERTISEMENT - CONTINUE READING BELOW
Telegram Community
Gain Access