USD-SGD rises to 1.3638

The USD-SGD is currently around the 1.3600 mark as global risk appetite remains curbed by US data and Ireland’s downgrade, according to OCBC.

“The SGD NEER continued to retreat from the stronger side of its parity band, also reflecting general risk aversion and the stronger USD,” said OCBC Bank's Treasury & Strategy Research.

It added the pair was expected to tread a cautious 1.3570-1.3650 range, taking the cues from equities and the majors in a broad global slowdown story.

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