Intraday Analysis from FXMarketAlerts.com
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USD/SGD was pressured towards the 1.3880-mark during opening trades as the euro did a u-turn from the earlier dip. Nothing heard at the moment except for suspected China buying-on-dips amidst thin markets with Japan away for Labour Thanksgiving holiday. Gold hitting yet another record high also seen weighing on the greenback. Next support seen at 1.3860. Downsides should be limited with risk aversion still lingering. Meanwhile, USD/MYR opened steady around the 3.3850-mark with interests to trek lower given the softer greenback this morning. Upside surprise in the Q3 GDP figures last Friday after session hours also seen adding pressure to prices (Search: MYR+GDP+hope). JA








