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
    1.3494+0.0009+0.07%
    USDSGD=X
    1.4490+0.0007+0.05%
    EURSGD=X
    2.0103+0.0005+0.02%
    GBPSGD=X
    88.5132+0.089+0.10%
    SGDJPY=X
    5.7430-0.0042-0.07%
    SGDHKD=X
    2.6926+0.002+0.07%
    SGDMYR=X
    9,605.4121-32.7148-0.34%
    SGDIDR=X
    4.5940-0.0035-0.08%
    SGDCNY=X
    1.0407-0.0012-0.12%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,193.90+0.20+0.02%
    GCM15.CMX
    15.890.00-0.03%
    SIK15.CMX
    71.20+0.26+0.36%
    ^XAU
    2.730.00-0.02%
    HGK15.CMX
    57.63-0.25-0.43%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.32+0.03
    ^FVX
    1.90+0.05
    ^TNX
    2.57+0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.515+0.030+6.19%
    P9D.SI
    3.07+0.03+0.99%
    C52.SI
    4.36-0.05-1.13%
    Z74.SI
    1.030.00+0.49%
    G13.SI
    0.245-0.005-2.00%
    566.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.515+0.030+6.19%
    P9D.SI
    0.355-0.005-1.39%
    K75.SI
    0.830.00-0.60%
    B20.SI
    0.1240.0000.00%
    D04.SI
    0.188+0.002+1.08%
    MR7.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.420.000.00%
    TI6.SI
    0.152+0.002+1.33%
    5MM.SI
    0.4750.0000.00%
    UD2.SI
    0.20-0.01-4.76%
    B26.SI
    0.335+0.005+1.52%
    5WH.SI