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

    Market Data

    • Currencies
      Currencies
      NamePriceChange% Chg
      1.4207-0.0039-0.27%
      USDSGD=X
      1.5221+0.0001+0.01%
      EURSGD=X
      1.7594+0.0003+0.02%
      GBPSGD=X
      80.1140-0.053-0.07%
      SGDJPY=X
      5.4577+0.0187+0.34%
      SGDHKD=X
      3.1212+0.0033+0.11%
      SGDMYR=X
      9,416.7539-19.9912-0.21%
      SGDIDR=X
      4.8261+0.0052+0.11%
      SGDCNY=X
      1.0746-0.0013-0.12%
      AUDSGD=X
    • Commodities
      Commodities
      NamePriceChange% Chg
      1,214.50+13.00+1.08%
      GCG17.CMX
      17.16+0.16+0.93%
      SIH17.CMX
      88.68+1.12+1.28%
      ^XAU
      2.62+0.01+0.36%
      HGH17.CMX
      52.33+0.96+1.87%
      CLG17.NYM
    • Bonds
      Bonds
      TreasuryYield (%)Yield Change
      1.94-0.01
      ^FVX
      2.47+0.01
      ^TNX
      3.05+0.01
      ^TYX