HALISTER1: USD/SGD Rises Toward 10-DMA After Non-Oil Exports Miss Est.

USD/SGD Rises Toward 10-DMA After Non-Oil Exports Miss Est.

(Bloomberg) -- USD/SGD rises as much as 0.13% to 1.3418, approaching 10-DMA at 1.3435 after July exports data showed that shipments contracted faster than forecast.
  • July non-oil domestic exports -10.6% y/y; est. -2.5%
  • SGD is around now around 0.8% above mid-point of undisclosed NEER trading band vs 1.0% yesterday, FX traders based in the region say, citing their own models
  • USD/SGD touched 1.3348 yesterday.which was lowest since June 23.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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