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
    1.3971-0.0091-0.65%
    USDSGD=X
    1.5807+0.0061+0.39%
    EURSGD=X
    2.0240-0.0046-0.23%
    GBPSGD=X
    82.2021+0.00120.00%
    SGDJPY=X
    5.5800+0.0392+0.71%
    SGDHKD=X
    2.9803+0.0017+0.06%
    SGDMYR=X
    9,727.0488-22.291-0.23%
    SGDIDR=X
    4.7042+0.0292+0.62%
    SGDCNY=X
    0.9887-0.0071-0.71%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,196.90-1.00-0.08%
    GCJ16.CMX
    15.44+0.01+0.06%
    SIH16.CMX
    57.24+0.46+0.81%
    ^XAU
    2.03-0.06-2.73%
    HGH16.CMX
    28.95-0.74-2.49%
    CLH16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.14-0.01
    ^FVX
    1.73-0.01
    ^TNX
    2.560.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.33+0.02+4.76%
    N21.SI
    3.70+0.22+6.32%
    Z74.SI
    1.68+0.05+3.07%
    MC0.SI
    0.385+0.010+2.67%
    E5H.SI
    0.705+0.025+3.68%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.405+0.065+19.12%
    T4B.SI
    0.475+0.075+18.75%
    Y06.SI
    0.23+0.03+15.00%
    S9B.SI
    0.40+0.05+14.29%
    BJE.SI
    0.144+0.014+10.77%
    AWS.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.34-0.05-12.82%
    MN5.SI
    0.118-0.012-9.23%
    AWO.SI
    0.205-0.020-8.89%
    AYL.SI
    0.505-0.045-8.18%
    A05.SI
    0.193-0.017-8.10%
    S71.SI