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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
DOLLAR-SING: A media statement from the Monetary.....>
DOLLAR-SING: A media statement from the Monetary Authority of Singapore prompted
USD/SGD to stage a sharp rally & print a fresh four-month high. The MAS noted
that its policy stance remains unchanged, but "there is sufficient room within
the policy band to accommodate an easing of the Singapore Dollar Nominal
Effective Exchange Rate (S$NEER) in line with the weakening of economic
conditions as a result of the outbreak of the 2019 novel coronavirus." The MAS
added that the next policy review will take place in Apr as scheduled.
- These comments come after Singapore reported the first domestic instance of
human-to-human coronavirus transmission. The city-state has thus far confirmed
24 local cases of the disease.
- USD/SGD has surged 113 pips and trades at SGD1.3817, posting gains for the
eighth straight day. The next bullish target is provided by the Oct 8 & 9 highs
at SGD1.3828. If the level gives way, topside focus will turn to the Oct 1 peak
at SGD1.3879. Bears keep an eye on momentum indicators, which suggest that the
rate is slightly overbought. They need a drop back below the 200-DMA at
SGD1.3667 to regain some poise.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.