Tag Archives: USD/SGD
USD/SGD Analysis
The pair grinded higher in late NY session to end at Sgd1.2775 before Asia stepped in, it inched up to hit session high of Sgd1.2778 during Sydney session before slipping to
U.S. Dollar Remains Steady Against Most after Fed Taper
The dollar weakened against the yen and Swiss franc on Wednesday as traders reckoned emergency action taken to stall the fall of the Turkish currency would not be enough to calm jitters over global emerging markets.
The Global Macro Pulse
The USD lost ground against risk currencies ahead of the FOMC. AUD edged higher to 0.8805, NZD to 0.8277, leaving AUDNZD essentially unchanged at 1.0639 before the RBNZ meeting tonight.
USD/SGD Analysis
The pair continues to pullback 4 days in a row, it opened at a high of Sgd1.2752 in early Sydney hours and slipped down to a session low of Sgd1.2719 before rebounding to Sgd1.2737 last.
The Global Macro Pulse
Asian FX recovered from yesterday’s lows, led by a 0.5% rally in KRW to 1078. The PHP, MYR and SGD have all strengthened marginally by 0.1% to 0.2%.
The Global Macro Pulse
USDJPY found support from importers’ demand at the low of 101.77 and has rebounded to 102.44. EURUSD was steady at 1.368, while AUD squeezed marginally higher to 0.872.
The Global Macro Pulse
AUD fell below 0.87 for the first time in three and a half years, pushing AUDNZD towards 1.054. The WSJ reported comments from RBA Ridout that the AUD needs to drop further and AUD near 80c would be a “fair deal for everybody”.
The Global Macro Pulse
AUD and CAD led selloff in G10 against the USD, the former has weakened to 0.879, back essentially to yesterday level pre the CPI release while the latter dropped to 1.1148.
The Global Macro Pulse
AUD has been the big mover so far, rallying 0.7% to 0.886 following a much stronger than expected inflation report. This pushed AUDNZD higher to 1.0656.
The Global Macro Pulse
The USD strengthened in Asian open against JPY and EUR. USDJPY has climbed to 104.64 while EURUSD fell slightly to 1.354. AUD and NZD were both more resilient on the day,
The Global Macro Pulse
In FX, AUDUSD rose to 0.880 following the release of China’s GDP but has since given up its gains to trade back to Friday’s close around 0.878. Reports of a 6.3 magnitude earthquake near Wellington drove NZD lower initially,
The Global Macro Pulse
FX has been largely rangebound in Asia. EURUSD, USDJPY, and AUDUSDare at 1.3614, 104.32, and 0.8814, all barely changed from their end-US tradinglevels.