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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  • Most Actives
    Most Actives
    NamePriceChange% Chg
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    40F.SI
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    N21.SI
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    AAJ.SI
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    DU4.SI
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    40E.SI
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    % Gainers
    NamePriceChange% Chg
    0.169+0.044+35.20%
    5PI.SI
    0.115+0.013+12.75%
    40F.SI
    0.60+0.05+9.09%
    BQP.SI
    0.152+0.012+8.57%
    A04.SI
    0.199+0.014+7.57%
    DU4.SI
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    % Losers
    NamePriceChange% Chg
    0.19-0.03-15.56%
    BTJ.SI
    0.38-0.07-15.56%
    AYB.SI
    0.445-0.075-14.42%
    E8Z.SI
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    BCV.SI
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    42L.SI

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    NamePriceChange% Chg
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    USDSGD=X
    1.5158-0.0031-0.20%
    EURSGD=X
    1.7581+0.0064+0.37%
    GBPSGD=X
    80.6700+0.517+0.65%
    SGDJPY=X
    5.4238-0.0022-0.04%
    SGDHKD=X
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    SGDMYR=X
    9,389.5703+20.7656+0.22%
    SGDIDR=X
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    SGDCNY=X
    1.0780+0.005+0.47%
    AUDSGD=X
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    SIH17.CMX
    86.72-1.25-1.42%
    ^XAU
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    CLG17.NYM
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