Australia Apr New Motor Vehicle Sales (MoM) decreases to -1.6% vs -0.5%

The USD/SGD finished the day sharply higher, closing up 25 pips at 1.2430. The pair has been rising steadily the last four days, adding just over 150 pips since the close on May 9th. Economic data released out of Singapore in the coming session will be limited to Retail Sales, due out at 5:00 GMT. The pair is currently down eight pips at 1.2422 in Asia trade.