The SGD NEER continues to populate the top end of the recent 0.0% to +0.60% above parity range (1.4327), standing at +0.43% above parity, per OCBC Bank.
Key quotes
“We think downside potential for the USD/SGD going forward should be limited with the SGD NEER near the top end of the range.”
“Intraday, the base for the USD/SGD may be at 1.4210/30, while another test of the 1.4280/00 level should not be ruled out.”
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