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. 



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3523-0.0007-0.05%
    USDSGD=X
    1.5269+0.0002+0.01%
    EURSGD=X
    1.7865+0.0022+0.12%
    GBPSGD=X
    74.2890+0.044+0.06%
    SGDJPY=X
    5.7335+0.0053+0.09%
    SGDHKD=X
    2.9707+0.0067+0.23%
    SGDMYR=X
    9,781.5947-36.9902-0.38%
    SGDIDR=X
    4.9296+0.0093+0.19%
    SGDCNY=X
    1.0322+0.0016+0.16%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,327.40+2.80+0.21%
    GCZ16.CMX
    18.58+0.10+0.52%
    SIU16.CMX
    96.51+1.17+1.23%
    ^XAU
    2.09+0.01+0.46%
    HGU16.CMX
    47.20-0.13-0.27%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.16+0.01
    ^FVX
    1.58+0.02
    ^TNX
    2.26+0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.127-0.001-0.78%
    N21.SI
    1.855-0.040-2.11%
    MC0.SI
    2.85+0.03+1.06%
    C52.SI
    0.585-0.005-0.85%
    5TP.SI
    0.245+0.005+2.08%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.29+0.08+38.10%
    5VI.SI
    0.27+0.04+17.39%
    BLU.SI
    0.36+0.07+22.03%
    BPF.SI
    0.192+0.030+18.52%
    AYD.SI
    0.39+0.04+11.43%
    43A.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.055-21.15%
    BTJ.SI
    0.39-0.06-13.33%
    AYB.SI
    0.31-0.04-11.43%
    5VP.SI
    0.235-0.030-11.32%
    40D.SI
    0.33-0.04-10.81%
    AYV.SI