Spiga

USD/SGD Up But May Be Capped Around 1.3500

Forex News USD/SGD may remain heavy even as Wall Street rise helped USD gain vs AUD, JPY in NY trade, with players betting on MAS policy to keep SGD on strong path. Trader says "there are still plenty of sellers out there, so it's going to be tough for dollar/Sing to make much upward progress"; however, players will watch Singapore June exports data at 0500 GMT that could hurt SGD if figures disappoint. Trader tips resistance for USD/SGD around session high of 1.3500; now at 1.3489 vs 1.3470 yesterday.



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