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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.1620.0000.00%
    40E.SI
    0.166+0.002+1.22%
    N21.SI
    0.132+0.002+1.54%
    O9E.SI
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    G13.SI
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    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.365+0.080+28.07%
    BEH.SI
    0.28+0.06+27.27%
    5UA.SI
    0.198+0.020+11.24%
    L38.SI
    0.50+0.03+7.53%
    573.SI
    0.435+0.025+6.10%
    5TP.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.13-0.03-16.13%
    M11.SI
    0.40-0.03-5.88%
    BJL.SI
    0.12-0.01-4.00%
    C9Q.SI
    0.575-0.020-3.36%
    BEV.SI
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    BJE.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4158-0.0009-0.07%
    USDSGD=X
    1.5244+0.0006+0.04%
    EURSGD=X
    1.7902+0.0025+0.14%
    GBPSGD=X
    80.1910+0.0020.00%
    SGDJPY=X
    5.4755+0.0027+0.05%
    SGDHKD=X
    3.1238-0.0053-0.17%
    SGDMYR=X
    9,396.6201-43.4199-0.46%
    SGDIDR=X
    4.8571+0.0044+0.09%
    SGDCNY=X
    1.0597-0.0008-0.08%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,174.80-0.20-0.02%
    GCZ16.CMX
    17.12-0.08-0.48%
    SIZ16.CMX
    82.57+0.42+0.51%
    ^XAU
    2.63-0.01-0.25%
    HGZ16.CMX
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    CLF17.NYM
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    ^FVX
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    ^TNX
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