Singapore dollar trades at $1.24

NODX's weaker-than-expected 0.5% jump was a catalyst.

IG Singapore Market noted:

This morning the greenback gained against the Singapore dollar to trade back around 1.24, as Singapore’s trade agency reported a weaker-than-expected 0.5% year-on-year increase for non-oil domestic exports (NODX) in the city state.

This rise in exports is largely a result of the strong non-electronic exports, which outweighed the decline in the important electronics sector. Earlier this month, the January PMI figure release showing a rise in Singapore’s manufacturing activities - after six consecutive months of contraction - might suggest that the export data should also start to pick up soon.

OCBC Tresury Research said:

For the SGD, the disappointing Dec retail sales and Jan nonoil domestic exports, coupled with a supported broad dollar tone, should see the pair search out higher ground in the near term within a 1.2350-1.2450 range.

The SGD NEER meanwhile is around +0.77% above its perceived parity (1.2410) with the extreme strong end of the NEER fluctuation band expected at around 1.2320. 



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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3442-0.0007-0.05%
    USDSGD=X
    1.52670.000.00%
    EURSGD=X
    1.9643+0.0004+0.02%
    GBPSGD=X
    80.4090+0.0283+0.04%
    SGDJPY=X
    5.7716+0.0031+0.05%
    SGDHKD=X
    2.8894+0.0014+0.05%
    SGDMYR=X
    9,816.3213+4.8135+0.05%
    SGDIDR=X
    4.8165+0.0014+0.03%
    SGDCNY=X
    1.0261-0.0001-0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,267.90+1.50+0.12%
    GCM16.CMX
    17.65+0.06+0.35%
    SIN16.CMX
    86.90+3.46+4.15%
    ^XAU
    2.230.00-0.18%
    HGN16.CMX
    45.91-0.12-0.26%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.30-0.04
    ^FVX
    1.84-0.02
    ^TNX
    2.690.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.1020.0000.00%
    5DN.SI
    1.2850.0000.00%
    N03.SI
    0.76+0.01+1.33%
    Y92.SI
    0.103-0.004-3.74%
    5WH.SI
    0.455-0.005-1.09%
    N21.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.33+0.08+29.41%
    5DO.SI
    0.535+0.100+22.99%
    BMA.SI
    0.305+0.055+22.00%
    RF7.SI
    0.27+0.03+12.50%
    PA3.SI
    0.51+0.04+9.68%
    AWX.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.191-0.099-34.14%
    AZT.SI
    0.086-0.034-28.33%
    C9Q.SI
    0.098-0.017-14.78%
    5PD.SI
    0.44-0.04-8.33%
    BJE.SI
    0.18-0.01-7.69%
    554.SI