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
    1.3492-0.004-0.29%
    USDSGD=X
    1.4979+0.0019+0.13%
    EURSGD=X
    2.1063-0.0069-0.33%
    GBPSGD=X
    91.3218+0.3008+0.33%
    SGDJPY=X
    5.7457+0.0165+0.29%
    SGDHKD=X
    2.7975+0.0159+0.57%
    SGDMYR=X
    9,865.2197+2.665+0.03%
    SGDIDR=X
    4.5959+0.0153+0.33%
    SGDCNY=X
    1.0286-0.0064-0.62%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,156.60-12.70-1.09%
    GCQ15.CMX
    15.57-0.06-0.40%
    SIZ15.CMX
    61.37-1.77-2.81%
    ^XAU
    2.630.00-0.15%
    HGU15.CMX
    57.09+0.13+0.23%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.70+0.07
    ^FVX
    2.42+0.08
    ^TNX
    3.20+0.09
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.300.000.00%
    5WA.SI
    0.165-0.003-1.79%
    5DN.SI
    0.85+0.02+2.41%
    N03.SI
    0.745-0.010-1.32%
    N21.SI
    0.76-0.01-1.30%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.45+0.11+32.35%
    AWX.SI
    0.24+0.05+26.32%
    40U.SI
    0.72+0.10+16.13%
    AWN.SI
    0.22+0.02+12.24%
    TI6.SI
    0.28+0.03+12.00%
    L38.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.175-0.120-40.68%
    AZS.SI
    0.19-0.05-19.15%
    AZX.SI
    0.25-0.05-16.67%
    Y06.SI
    0.184-0.036-16.36%
    AWR.SI
    0.285-0.035-10.94%
    UV1.SI