RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

MNI BRIEF: China’s April Loan Prime Rate Unchanged

CHINA SETS YUAN CENTRAL PARITY AT 7.1043 MON VS 7.1046

INDON Sov Curve Flatter, Trade Surplus Soars, BI Decision Wednesday

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NEER Marginally Firmer, Export Data On Tap Tomorrow

SGD

The SGD NEER (per Goldman Sachs estimates) is marginally firmer today, post the fallout from the shift lower in global tightening expectations has seen volatile swings in the NEER but today NEER sits within recent ranges. We now sit ~1% below the top of the band.

  • USD/SGD failed to break below the 20-Day EMA ($1.3453) in yesterday's trading. The pair was offered this morning as Credit Suisse said they will enter a liquidity pact with the SNB, however the losses have been pared as the USD consolidates its recent gains and the pair sits at $1.3510/20.
  • The 20-Day EMA ($1.3453) remains the first target for bears. Bulls target the 200-day EMA ($1.3617).
  • On the wires early tomorrow is February Export data. Non-oil Domestic Exports are expected to fall 0.5% m/m and 15.8% y/y. Also on the wires is Electronic Exports, there is no estimate for the print.
  • The data is unlikely to be a factor in the next MAS meeting, with Feb CPI due next week likely to carry more weight, although external factors around financial stability could also start to factor into MAS thinking.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.