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
    0.172+0.001+0.58%
    N21.SI
    0.925+0.005+0.54%
    G13.SI
    0.169+0.005+3.05%
    5DM.SI
    0.184-0.001-0.54%
    40E.SI
    0.420.00+1.20%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.225+0.035+18.42%
    BTJ.SI
    0.255+0.035+15.91%
    AWI.SI
    0.40+0.05+14.29%
    L5I.SI
    0.58+0.05+9.43%
    BHU.SI
    0.169+0.014+9.03%
    AWS.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.33-0.23-41.07%
    MR8.SI
    0.15-0.03-18.48%
    5MQ.SI
    0.205-0.015-6.82%
    AXH.SI
    0.225-0.015-6.25%
    1C3.SI
    0.26-0.02-5.45%
    S29.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4285+0.0126+0.89%
    USDSGD=X
    1.5201+0.0038+0.25%
    EURSGD=X
    1.7516-0.004-0.23%
    GBPSGD=X
    79.8550+0.277+0.35%
    SGDJPY=X
    5.4281-0.0479-0.87%
    SGDHKD=X
    3.1352-0.0163-0.52%
    SGDMYR=X
    9,390.7871-71.2607-0.75%
    SGDIDR=X
    4.7948-0.0441-0.91%
    SGDCNY=X
    1.0736+0.0034+0.32%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,208.10-4.80-0.40%
    GCG17.CMX
    17.17+0.02+0.10%
    SIH17.CMX
    87.69-1.40-1.57%
    ^XAU
    2.61-0.01-0.40%
    HGH17.CMX
    51.21-1.27-2.42%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.89+0.06
    ^FVX
    2.39+0.06
    ^TNX
    2.99+0.06
    ^TYX