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
    1.3538+0.0013+0.09%
    USDSGD=X
    1.5546-0.0007-0.04%
    EURSGD=X
    1.9675+0.0016+0.08%
    GBPSGD=X
    79.2233+0.058+0.07%
    SGDJPY=X
    5.7330-0.0062-0.11%
    SGDHKD=X
    2.9434-0.0044-0.15%
    SGDMYR=X
    9,783.5732-25.6768-0.26%
    SGDIDR=X
    4.7992-0.0006-0.01%
    SGDCNY=X
    1.0156+0.0032+0.32%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,282.00-9.80-0.76%
    GCM16.CMX
    17.33-0.17-0.97%
    SIN16.CMX
    87.23-3.50-3.86%
    ^XAU
    2.21-0.01-0.29%
    HGN16.CMX
    43.61-0.04-0.09%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.26-0.06
    ^FVX
    1.80-0.07
    ^TNX
    2.66-0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.425-0.005-1.16%
    N21.SI
    0.300.000.00%
    5TP.SI
    3.76-0.07-1.83%
    Z74.SI
    0.92-0.01-1.60%
    BS6.SI
    0.38-0.01-2.56%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.28+0.03+9.80%
    BHO.SI
    0.50+0.04+8.70%
    BQP.SI
    0.39+0.03+8.33%
    BLR.SI
    0.245+0.015+6.52%
    5UZ.SI
    0.153+0.008+5.52%
    41B.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.088-0.082-48.24%
    P74.SI
    0.13-0.02-14.47%
    5MQ.SI
    0.310.000.00%
    RF7.SI
    0.136-0.015-9.93%
    B69.SI
    1.755-0.105-5.65%
    EB5.SI