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USD/SGD back above 1.40, edges higher on MYR sell-off.
- MYR tumbles to hit fresh 17-year lows, likely to remain in free fall as BNM helpless
- Rally in USD/SGD was however capped at 1.4080 on profit taking and rising buying interest in SGD/MYR
- SGD/MYR cross traded 2.9250 high, last 2.9100
- Bullish bias in the pair remains intact, good bidding interest ahead of 1.3950 support
- USD/SGD is currently trading at 1.4028, next hurdle is located at 1.4080 (session highs Aug 13), while support on the downside is seen at 1.4017 (hourly Tenkan)
