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
    1.2519-0.0004-0.03%
    USDSGD=X
    1.7307+0.0005+0.03%
    EURSGD=X
    2.1048+0.0007+0.03%
    GBPSGD=X
    81.8964+0.1141+0.14%
    SGDJPY=X
    6.1931+0.0011+0.02%
    SGDHKD=X
    2.5936+0.0081+0.31%
    SGDMYR=X
    9,137.0928+18.2305+0.20%
    SGDIDR=X
    4.9754+0.005+0.10%
    SGDCNY=X
    1.1683-0.0005-0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,286.90-7.00-0.54%
    GCM14.CMX
    19.34-0.26-1.31%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.040.00-0.10%
    HGK14.CMX
    103.23-0.14-0.14%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.114-0.001-0.87%
    B22.SI
    0.610.0000.00%
    E5H.SI
    2.20+0.010+0.46%
    JS8.SI
    0.128+0.003+2.40%
    545.SI
    0.143+0.004+2.88%
    5GB.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.345+0.045+15.00%
    5DS.SI
    0.245+0.030+13.95%
    5UE.SI
    0.18+0.020+12.50%
    T16.SI
    0.195+0.016+8.94%
    CZ4.SI
    0.745+0.050+7.19%
    L02.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.123-0.013-9.56%
    5FI.SI
    0.158-0.012-7.06%
    5PF.SI
    0.13-0.009-6.47%
    A59.SI
    0.22-0.015-6.38%
    E94.SI
    0.56-0.030-5.08%
    G08.SI