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SGD: Technical levels signal potential gains – MUFG Bank

MUFG Bank's analysis indicates a constructive outlook for the Singapore Dollar (SGD), supported by improving sentiment towards the Chinese Yuan (CNY) and a softer USD backdrop. The report notes that the SGD is at a pivotal technical level, with potential gains towards the 1.260-1.2650 range if the DXY weakens further. The stability in inflation rates also contributes to the positive sentiment.

Singapore Dollar poised for strength

"Notably, SGD is at a pivotal technical level, where it could gain toward 1.260-1.2650 level should the DXY weaken further."

"In Singapore, both headline and core inflation were unchanged at 1.2%yoy in December. Inflation appears to be bottoming out."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

EUR/USD rises to four-month highs amid broad Dollar weakness, Fed in focus

The Euro (EUR) consolidates gains against the US Dollar (USD) on Monday as the Greenback remains under broad selling pressure amid rising economic and political concerns in the United States. At the time of writing, EUR/USD is trading around 1.1886, holding near its highest level since September 17.
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Dow Jones Industrial Average rises as earnings and Fed guidance balance political risks

US equities opened the week on a positive note, with the S&P 500 rising 0.5 percent as investors balanced political uncertainty against a heavy slate of earnings and an upcoming Federal Reserve (Fed) decision.
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