HALISTER1: INSIDE SINGAPORE: Currency Steady Ahead of Nikkei Singapore PMI

INSIDE SINGAPORE: Currency Steady Ahead of Nikkei Singapore PMI

(Bloomberg) -- SGD steady after two days of gains and following 2.4% decline in May; Nikkei Singapore PMI due 9pm local time.
  • May PMI likely slipped to 49.7 from 49.8 in April, according to median est. in Bloomberg survey
  • USD/SGD steady at 1.3769, consolidating below 100-DMA at 1.3806, slow stochastics falling from over-extended territory; click here for chart
    • Options expiring today include 1.3600 strikes for $130m
  • SGD/MYR closed yday at 3.0092, above 200-DMA at 2.9981 for first time in more than two months; MACD above signal and zero line
  • Singapore checking taxpayers in Panama papers for compliance
  • Six-month swap-offer rate down 2 bps to 1.41637% on June 1
  • 10-year govt bond yield fell 2 bps yday to 2.2191%
  • SGD 5-year interest-rate swaps steady at 2.1450%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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