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

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...

Explore Related Contents

 
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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.23+0.01+2.22%
    N21.SI
    0.385-0.015-3.75%
    E5H.SI
    0.325+0.045+16.07%
    F83.SI
    0.38-0.01-2.56%
    5ME.SI
    0.99-0.01-1.49%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.325+0.045+16.07%
    F83.SI
    0.34+0.05+15.25%
    BPF.SI
    0.158+0.019+13.67%
    5TR.SI
    0.52+0.06+13.04%
    T12.SI
    0.695+0.065+10.32%
    BEI.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.79-0.10-11.24%
    AXV.SI
    0.29-0.03-10.77%
    PA3.SI
    1.415-0.140-9.00%
    Q01.SI
    0.148-0.012-7.50%
    42G.SI
    0.56-0.03-5.08%
    BDR.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4042+0.0001+0.01%
    USDSGD=X
    1.4864+0.0069+0.47%
    EURSGD=X
    1.7459-0.0002-0.01%
    GBPSGD=X
    80.2520+0.67+0.84%
    SGDJPY=X
    5.5255+0.0041+0.07%
    SGDHKD=X
    3.1610+0.0017+0.05%
    SGDMYR=X
    9,503.9697-16.9766-0.18%
    SGDIDR=X
    4.8903+0.0048+0.10%
    SGDCNY=X
    1.0777+0.0009+0.08%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,253.40-4.90-0.39%
    GCJ17.CMX
    18.31-0.10-0.52%
    SIK17.CMX
    84.47-4.15-4.69%
    ^XAU
    2.690.00-0.15%
    HGK17.CMX
    54.04+0.05+0.09%
    CLJ17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.87+0.07
    ^FVX
    2.37+0.05
    ^TNX
    2.99+0.03
    ^TYX