MNI BRIEF: BOC Cutting To 3% Next Year, Ex Governor Dodge Says

MNI BRIEF: Output Gap Shut, Wage Growth Too Fast - BOE Greene

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NEER Softer On Thursday, Retail Sales Growth Fastest Since Aug 22, MAS In View

SGD

The SGD NEER (per Goldman Sachs estimates) is softer this morning, we remain well within recent ranges and below cycle highs seen in March. We sit ~0.8% off the upper end of the band.

  • USD/SGD is marginally firmer today, the pair is up ~0.1% at $1.3290/1.3300. Broader greenback trends are dominating once again this week, the USD is firmer in Asia as US equity futures and regional equities soften weighing on risk sentiment.
  • The next downside target for bears is the 2023 low at $1.3032. Bulls first look to break the 20-Day EMA ($1.3329).
  • Retail Sales printed their largest growth since August 2022. The February print came in at 12.7%, well ahead of the 2.0% expected.
  • This is however unlikely to move the dial for next week's MAS meeting, which due on Friday 14th. Q1 GDP is also due on Friday 14th, there is no estimate for the print, the prior read was 2.1%.
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.