Free Trial

$11B Intel 7Pt Jumbo Launched


Double Top?


Formal Job Creation +111.7k in January

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

DOLLAR-SING: USDSGD is pushing higher today,.........>

DOLLAR-SING: USDSGD is pushing higher today, currently at 1.3171 and testing
short term resistance. A close above 1.3200 would add to the growing number of
signals that suggest the dollar is making a comeback against Asian FX. 
- With the MAS tightening its currency policy on April 13, shifting to an
appreciatory bias, the SGD should outperform the region, particularly as
inflation pressures remain low. Headline CPI dropped back to 0.2% y/y in March,
and with the SGD real effective exchange rate already relatively cheap compared
with its regional peers, outperformance is likely. 
- However, this is unlikely to prevent SGD weakness against the greenback as the
Fed continues to hike U.S. rates. U.S. monpol is becoming increasingly tight
while U.S. equity market fragility means that global risk aversion may return.
This combination is negative for Asian FX, and the SGD is unlikely to be spared.
- The performance of the Chinese yuan is likely to be crucial to the performance
of the SGD, as any weakness in the former would weigh directly on the latter due
to its importance in the MAS' currency basket.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.