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
    1.3477-0.0003-0.02%
    USDSGD=X
    1.4794+0.0021+0.14%
    EURSGD=X
    2.0587-0.0061-0.30%
    GBPSGD=X
    91.8362-0.0889-0.10%
    SGDJPY=X
    5.7520+0.00020.00%
    SGDHKD=X
    2.7180+0.0103+0.38%
    SGDMYR=X
    9,808.9355+16.6426+0.17%
    SGDIDR=X
    4.5996-0.0007-0.02%
    SGDCNY=X
    1.0312-0.0006-0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,189.90+1.10+0.09%
    GCQ15.CMX
    16.73+0.06+0.34%
    SIN15.CMX
    69.83+1.07+1.56%
    ^XAU
    2.770.00-0.02%
    HGN15.CMX
    58.71+0.69+1.19%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.51-0.02
    ^FVX
    2.13-0.01
    ^TNX
    2.88+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.78-0.03-3.70%
    N21.SI
    4.10-0.02-0.49%
    Z74.SI
    0.290.000.00%
    5WA.SI
    0.325-0.010-2.99%
    AFC.SI
    0.420.00+1.20%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.45+0.05+12.50%
    AWX.SI
    1.32+0.12+10.00%
    AYO.SI
    0.50+0.04+9.89%
    MN5.SI
    0.119+0.009+8.18%
    540.SI
    0.15+0.01+7.14%
    5MD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    1.24-0.56-31.11%
    AYC.SI
    0.139-0.041-22.78%
    40R.SI
    0.114-0.019-14.29%
    5UA.SI
    0.34-0.06-13.92%
    AWI.SI
    0.295-0.035-10.61%
    Y06.SI