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USD/SGD boosted by weak China Industrial Production data

  • Pair moving higher into early Europe trades, weak China data underpin

  • China April industrial output +5.9%y/y, retail sales 10%y/y vs exp 6.0%, 10.5% respectively

  • April  urban investment rose 12.0%y/y vs exp 13.5%

  • Pair last 1.3356-60, risks fresh squeeze to 1.3400 handle 

 

  • Market Data
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