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SGDMYR currency pair has peaked

 



SGDMYR: SGD's upward trend against MYR has broke a key trend line, suggesting change in momentum. Thus, we do not see further upside for SGDMYR for the time being. 

Reduced political uncertainty, FDI inflow, less pressure from USD and Bank Negara's intervention could be the drivers for the change in momentum.

Disclaimers apply

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