Singapore dollar underperforms in the region

This may persist, says analyst.

OCBC Treasury Research noted:

Given its limited room for maneuver from the perspective of its NEER, the SGD has continued to underperform its regional peers in a weak dollar environment and this may be expected to persist in the near term.

The index is currently around +1.05% above its perceived parity (1.2420) with the extreme strong end of the NEER fluctuation band expected at around 1.2230. This is expected to be the base for the USD-SGD intra-day with top side expected to be capped around 1.2330.



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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.167+0.006+3.73%
    N21.SI
    2.28+0.12+5.56%
    MC0.SI
    0.101-0.005-4.72%
    5I0.SI
    0.38+0.01+4.11%
    5ME.SI
    0.195+0.012+6.56%
    SK3.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.23+0.02+9.52%
    BTF.SI
    0.485+0.040+8.99%
    43F.SI
    0.122+0.010+8.93%
    C9Q.SI
    0.46+0.03+8.24%
    P19.SI
    0.195+0.012+6.56%
    SK3.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.155-0.050-24.39%
    K22.SI
    0.215-0.020-8.51%
    RE4.SI
    1.12-0.09-7.44%
    5SR.SI
    0.68-0.04-5.56%
    564.SI
    1.04-0.06-5.02%
    AYN.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4225+0.0039+0.28%
    USDSGD=X
    1.5252+0.0139+0.92%
    EURSGD=X
    1.8069+0.0047+0.26%
    GBPSGD=X
    80.2750+0.543+0.68%
    SGDJPY=X
    5.4495-0.0117-0.21%
    SGDHKD=X
    3.1271+0.0012+0.04%
    SGDMYR=X
    9,475.0342-52.7168-0.55%
    SGDIDR=X
    4.8353-0.0133-0.27%
    SGDCNY=X
    1.0638+0.0066+0.62%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,162.20-12.90-1.10%
    GCZ16.CMX
    16.66-0.09-0.56%
    SIZ16.CMX
    81.81-0.49-0.59%
    ^XAU
    2.70+0.08+3.15%
    HGZ16.CMX
    51.91+0.23+0.45%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.85+0.02
    ^FVX
    2.40+0.01
    ^TNX
    3.070.00
    ^TYX