Apr 23, 2013
Forex: USD/SGD closes sharply higher ahead of CPI data
The USD/SGD closed the New York session up 44 pips at 1.2406. Market participants will be focusing on economic data out of Singapore later on in the session which may have influence on future direction. “On the slate in Asia is Singapore’s Mar CPI (1pm local), seen easing to 3.6% y/y from 4.9% y/y in Feb”, noted Sean Callow, FX strategist at Westpac.
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