Singapore’s Q3 GDP came in relatively as expected with the Singapore Dollar having a muted reaction as it trades pretty much unchanged as is the rest of the market following the opening to the week. The details of the release are as follows:
GDP (QoQ) – Survey:2.0% Actual: 1.9% Prior:1.3%
GDP (YoY) – Survey:6.1% Actual:6.1% Prior:5.9%
On the chart below we see the USDSGD pair continuing to trade below the 76.4% retracement of the October move.