USD/SGD last bid 1.4625 vs 1.4631 late Asia Tuesday, tracking EUR’s gains overnight, but SGD’s rise may not hold long given expectations of weak equities market, says trader with local bank. “With STI closing with strong gains yesterday (+3.8% at 2260.36), I think people will be cautious today,” says trader; adds some players watching central bank, concerned it might not be comfortable with sharp fall in USD. Tips support at 1.4600, resistance 1.4700.
Categorized | Forex Markets
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USD/SGD Lower; But SGD Gains May Be Limited · Forex-Trading.ExplainedOnline.Net Says:
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USD/SGD Lower; But SGD Gains May Be Limited · Forex.ExplainedOnline.Net Says:
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