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USD/SGD hits 1-month high after weaker April CPI

  • Up 30 pips to 1.3421 high; 1.3400-10 previous May high & April interim low

  • Next resistance 1.3452/60, 38.2 Fibonacci of 2015 fall & key April low

  • CPI -0.5% y/y vs f/c -0.1%, -0.3% last; core +0.4% y/y vs f/c +0.9%

  • MAS keeps 2015 f/cs unchanged: -0.5-0.5% headline, 0.5-1.5% core

 

  • Market Data
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