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USD/SGD: Stretching for the 1.4400 target – OCBC

The SGD NEER stands at around +0.40% above the perceived parity level (1.4374). Terence Wu, an FX strategist at OCBC Bank, analyzes the USD/SGD outlook.

Key quotes

“The +0.40% to +0.60% above parity level may be a cap for the SGD NEER for now, limiting the downside of the USD/SGD now that broad USD prospects have likely turned.”

“Expect the USD/SGD pair to keep stretching for the 1.4400 target into the end of the week, while the 1.4290/00 level supports.”

 

EUR/USD: Attention is on the mid-February low at 1.0778 – Commerzbank

EUR/USD has failed at the 61.8% retracement at 1.1167. Initial support at 1.0879 has been eroded, as Karen Jones from Commerzbank notes. Key quotes “A
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USD/CHF hits 1-1/2 week tops, around 0.9775 region amid notable USD demand

The USD/CHF pair edged higher through the early European session and climbed to over one-week tops, around the 0.9775 region in the last hour. The pai
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