USD/SGD: Upside bias after disappointing Singapore exports data

The USD/SGD price is little changed as the market digests the latest Singapore trade numbers. It is trading at 1.3610, which is higher than this month’s low of 1.3520. Singapore non-oil exports disappoint In recent years, Singapore has emerged as a leading economy in East Asia. The small country has continued to attract investments from Asian and other global companies that want to have access to the vast Asian market. The country’s trade numbers disappointed in September. According to the Ministry of Finance, non-oil domestic exports declined by 11.30% in September after rising by 10.50% in August. This performance was