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
    1.40860.000.00%
    USDSGD=X
    1.57190.000.00%
    EURSGD=X
    2.04290.000.00%
    GBPSGD=X
    82.9405-0.0142-0.02%
    SGDJPY=X
    5.5316-0.00010.00%
    SGDHKD=X
    2.95390.000.00%
    SGDMYR=X
    9,665.62890.000.00%
    SGDIDR=X
    4.6685+0.002+0.04%
    SGDCNY=X
    0.9951-0.0005-0.05%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,174.10+16.60+1.43%
    GCJ16.CMX
    15.03+0.18+1.21%
    SIH16.CMX
    55.30+2.68+5.09%
    ^XAU
    2.09-0.04-1.97%
    HGH16.CMX
    31.00-0.72-2.27%
    CLH16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.250.00
    ^FVX
    1.85-0.02
    ^TNX
    2.68-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.33+0.02+4.76%
    N21.SI
    3.70+0.22+6.32%
    Z74.SI
    1.68+0.05+3.07%
    MC0.SI
    0.385+0.010+2.67%
    E5H.SI
    0.705+0.025+3.68%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.405+0.065+19.12%
    T4B.SI
    0.475+0.075+18.75%
    Y06.SI
    0.23+0.03+15.00%
    S9B.SI
    0.40+0.05+14.29%
    BJE.SI
    0.144+0.014+10.77%
    AWS.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.34-0.05-12.82%
    MN5.SI
    0.118-0.012-9.23%
    AWO.SI
    0.205-0.020-8.89%
    AYL.SI
    0.505-0.045-8.18%
    A05.SI
    0.193-0.017-8.10%
    S71.SI