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 Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4093-0.0025-0.17%
    USDSGD=X
    1.5868+0.0042+0.27%
    EURSGD=X
    2.1690+0.0025+0.12%
    GBPSGD=X
    85.7337-0.142-0.17%
    SGDJPY=X
    5.4990+0.0094+0.17%
    SGDHKD=X
    2.9750+0.0093+0.31%
    SGDMYR=X
    9,998.7236+50.7158+0.51%
    SGDIDR=X
    4.5204+0.004+0.09%
    SGDCNY=X
    1.0034-0.0004-0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,139.50+7.00+0.62%
    GCZ15.CMX
    14.64+0.05+0.34%
    SIZ15.CMX
    48.43-0.40-0.81%
    ^XAU
    2.330.00-0.19%
    HGZ15.CMX
    47.48-1.72-3.50%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.54+0.02
    ^FVX
    2.20+0.01
    ^TNX
    2.93+0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.136+0.006+4.62%
    5DN.SI
    0.74+0.02+2.78%
    5ME.SI
    0.5450.0000.00%
    N21.SI
    3.76+0.02+0.53%
    Z74.SI
    0.305-0.010-3.17%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.30+0.03+9.09%
    AWO.SI
    0.26+0.02+10.64%
    L38.SI
    0.164+0.011+7.19%
    T13.SI
    0.315+0.020+6.78%
    AWI.SI
    0.145+0.007+5.07%
    TI6.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.09-0.02-18.18%
    40R.SI
    0.325-0.035-9.72%
    AXJ.SI
    1.165-0.095-7.54%
    AYF.SI
    0.194-0.002-1.02%
    RE4.SI
    0.32-0.02-4.48%
    B49.SI