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Jul 20 - 10:55 PM

EUR/USD - USD/SGD Settles Down As EUR/USD Attempts Pre-ECB Rebound

By Ewen Chew  —  Jul 20 - 10:20 PM
  • USD/SGD settles down to 1.3930 from 1.3938; STI -0.7%

  • As EUR attempts to claw back from Wed loss, USD/AXJ sags

  • Market mulling if ECB will hike 25 or 50bps nL1N2Z10RW

  • Volatility expected heading into rate decision Wed

  • USD/SGD might drop into bearish path on big ECB hike

  • Bollinger downtrend channel awaits at 1.3903

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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