Published at 01:20 (GMT) 13 Oct

USDCAD

USD/SGD was supported in early morning trades after heavy trading last night on euro gains. Prices bounced off 1.3963 lows as euro strength faltered on concerns about impact of strong euro on the eurozone economy from ECB Trichet. Regional sentiments are beginning to buckle under lingering concerns about strength of recovery. STI slips 0.2% at opening. Expect trades to be dealt in the range of 1.3945-1.4020 for now. Likewise, USD/MYR gapped down to 3.3870 lows at open before finding higher footing above the 3.39-figure. Some focus on the political front: The Malaysian Chinese Association (MCA) leadership crisis remains unresolved after a no confidence vote in an extraordinary general meeting over the weekend. The power tussle is likely weaken the MCA further and distract it from winning Chinese votes from the ruling Barisan Nasional. JA