SINGAPORE DOLLAR BOOSTED across the board after the Monetary Authority of Singapore (MAS) announced it will re-center the SGD trading band towards that of gradual revaluation aimed at countering inflationary pressures. USDSGD fell 1.2% from 1.392 to 1.373 to reach its lowest since August 2008. The higher than expected 13% y/y increase in Q1 GDP offered the growth justification to the rally. So far this year, AUD and CAD are the only G-10 currencies to have risen against SGD at 3% and 2.8% respectively. USD, GBP and EUR are down 1.9%, 6.1% and 6.6% against SGD year-to-date. JP Morgan earnings due before the US open expected at $0.64/share up from $0.40/share a year earlier. BIG DATA DAY for US as both retail sales and CPI due at 13:30 SEE CALENDAR http://www.ashraflaidi.com/ economic-calendar/ GOLD sets to retest 1165 resistance.