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Singapore Dollar July 2021 Mini Market Commentary

Daily Trend: DOWN

Source: ICE Connect

SGD had a strong end to the month, helped by the weakness observed in the U.S. Dollar during the final week of July. However, this does not change the overall bearish sentiment shown in SGD since May. The SGD closed on 1.3536 at a key support and resistance area. The market closed almost flat for the month.

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TRADDICTIV · Research Team

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