Singapore dollar trades at $1.2206

Fiscal cliff issue remains the biggest factor.

IG Markets Singapore said:

The Singapore dollar trades at $1.2206 this morning against the greenback having moved very little as traders assess the likelihood of a fiscal cliff being struck before the end of the month.

This concern is the most significant among FX traders currently and has prevented them from taking bigger end-of-year bets on Asian currencies.

There are plenty of mixed messages coming out of US lawmakers' mouths and it is proving hard to predict when a deal will come.

Uncertainty rules the roost and this plays against traders who are finding it hard to stay in the market.

A Fed meeting that is expected to launch QE4 long-dated bond-buying is expected to conclude tonight which could lead to dollar weakness.



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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.225-0.015-6.25%
    N21.SI
    0.177+0.004+2.31%
    40F.SI
    0.170.00+1.80%
    5DM.SI
    0.945-0.015-1.56%
    Y92.SI
    0.188+0.003+1.62%
    595.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.127+0.024+23.30%
    A7S.SI
    1.16+0.21+22.11%
    C76.SI
    0.125+0.018+16.82%
    L02.SI
    0.63+0.06+10.53%
    AWG.SI
    0.285+0.020+7.55%
    T4B.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    1.10-0.12-9.84%
    ATL.SI
    0.24-0.02-7.69%
    I06.SI
    0.225-0.015-6.25%
    N21.SI
    0.355-0.020-5.33%
    BLL.SI
    0.30-0.01-4.76%
    BTX.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4176+0.0014+0.10%
    USDSGD=X
    1.5030-0.0082-0.54%
    EURSGD=X
    1.7567-0.0117-0.66%
    GBPSGD=X
    79.3630-0.568-0.71%
    SGDJPY=X
    5.4663-0.0098-0.18%
    SGDHKD=X
    3.1400-0.0032-0.10%
    SGDMYR=X
    9,433.8662+1.0723+0.01%
    SGDIDR=X
    4.8401+0.0023+0.05%
    SGDCNY=X
    1.0870-0.0027-0.25%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,236.00-5.60-0.45%
    GCJ17.CMX
    17.98-0.10-0.55%
    SIH17.CMX
    92.56-1.90-2.01%
    ^XAU
    2.71-0.01-0.44%
    HGH17.CMX
    53.73-0.02-0.04%
    CLJ17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.91-0.03
    ^FVX
    2.42-0.03
    ^TNX
    3.03-0.02
    ^TYX