DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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

Singdollar Rangebound After NODX Beat

SGD

USD/SGD is unfazed by slightly better than forecast non-oil domestic exports released out of Singapore. The rate last trades at SGD1.3561, virtually unchanged on the day.

  • Non-oil domestic exports rose 12.7% Y/Y in July after a 15.9% gain in June, topping BBG estimate of +12.0%.
  • Singaporean Trade Min Yong said that vaccinations in the city-state are slightly ahead of schedule.
  • The local docket is sparse today, which leaves participants in a waiting mode ahead of next week's CPI & industrial output.
  • The high print of Aug 11 at SGD1.3606 provides the initial bullish target and a break here would bring Jul 26-28 highs of SGD1.3618-21 into play. Bears look for a slide past the 50-DMA at SGD1.3494 towards Aug 4 low of SGD1.3473.
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.