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Singapore Dollar – Daily Market Updates

Malaysian Ringgit Outlook: Has It Turned a Corner?

The Malaysian ringgit has been one of Asia’s worst performing currencies for some time. Between May-2013 and September-2015 the exchange rate for MYR/USD declined from highs at 0.338 to 0.223 – a 34% fall in the currency’s value. Markets gave the ringgit some respite between October-15 and April-16, a period in which the ringgit clawed back around half of the aforementioned losses, but then selling against the US dollar began again, which accelerated following the result of November’s US election. View article >

Euro Surges on Macron result

The Euro has surged in early Asian trading to five-month highs against the U.S. dollar as centrist Emmanuel Macron emerged winning the first round presidential election result. The National Front’s Marine Le Pen was predicted to also reach the second round of voting.
EUR/USD 1 Week Chart
The result was seen as positive for the Euro and EU as investors had been worried that a second-round contest between Le Pen and the far-left Jean-Luc Melenchon would have set up a possible exit of France from the European Union. View article >

Singapore’s Growth Roller Coaster Continues and RBA Posts Warning on Housing Market

Categories: AUD, Markets, News, SGD, USD
First-quarter data released this morning shows that the Singapore economy has contracted at an annualized -1.9%. The number continues to add to what has become a theme of incredible GDP volatility in Asia’s ‘Lion City’. Annualized GDP growth to the end of Q4 2016 had been a whopping +12.3%, and prior to that, -0.4%. Also today, Singapore’s central bank – the Monetary Authority of Singapore (MAS) – has left monetary policy unchanged, sticking to their “neutral” stance on the valuation of the Singapore dollar. View article >

Philippine Peso Starts Q2 with a Bang

Categories: CNY, INR, JPY, Markets, News, PHP, SGD, USD
In recent days, the Philippine peso has done what other Asian currencies were unable to, and that’s to make gains against the US dollar in an environment of heightened geopolitical risk – an environment normally associated with a sell-off in emerging market currencies. The peso gained again on Monday following up on its superb performance on Friday, in which PHP/USD posted its biggest gain in almost a year. View article >

Bankers Hint at End to Historically Cheap Euro

Short-term EUR/USD traders would have hoped for more from Wednesday’s news and data releases. Investors learned on the day that the Federal Reserve are planning to shrink their balance sheet (akin to monetary tightening) and that a strong employment trend persists in the world’s largest economy (US ADP employment +263k vs. +184k expected). Nevertheless, the euro-to-US dollar exchange rate did yesterday what it did on both Monday and Tuesday of this week, which is to finish the day very close to where it began and to offer little in terms of intra-day volatility. View article >

Australian Dollar – Fri Nov 18: AUD Up vs JPY and Down vs USD, GBP, EUR, CNY & SGD.

Categories: AUD, INR, JPY, Markets, MYR, PHP, SGD
AUD 1 Week Charts
Lacklustre Australian employment data allowed the Pound to advance against the Australian Dollar (AUD) on Thursday as the labour reports only showed a disappointing rise of 9,800 jobs after they were expected to rise to 16,000. The ‘Aussie’ was also pressured by the cooling of iron ore, as prices continued to slide from a two-high. The Australian Dollar is today down -1% against the United States Dollar, down -0.82% against the British Pound Sterling, down -0.2% against the Euro, even against the New Zealand Dollar, down -1.11% against the Chinese Yuan, up 0.44% against the Japanese Yen and down -0.47% against the Singapore Dollar Read on for the 1-week and 3-month AUD cross rates, charts and trends. View article >

Australian Dollar – Thu Nov 17: AUD Down vs USD, GBP, EUR, NZD, CNY, JPY & SGD.

Categories: AUD, INR, JPY, Markets, MYR, PHP, SGD
AUD 1 Week Charts
The Australian Dollar exchange rate was under pressure today as a continued decline in iron ore prices weighed on the ‘Aussie’. The drop in prices prevented the commodity-correlated Australian Dollar from gaining following better than anticipated unemployment data as it beat predictions that it would rise to 5.7% and held at 5.6% in October. The AUD is today down -0.65% against the United States Dollar, down -0.56% against the British Pound Sterling, down -0.33% against the Euro, down -0.46% against the New Zealand Dollar, down -0.29% against the Chinese Yuan, down -0.88% against the Japanese Yen and down -0.68% against the Singapore Dollar Read on for the 1-week and 3-month AUD cross rates, charts and trends. View article >

Australian Dollar – Wed Nov 16: AUD Up vs GBP, EUR, NZD & JPY and Down vs USD, CNY & SGD.

Categories: AUD, INR, JPY, Markets, MYR, PHP, SGD
AUD 1 Week Charts
The commodity-correlated ‘Aussie’ was weakened by a sudden drop in iron ore prices as they nose-dived almost 9% after reaching a two-year high. The AUD is today down -0.21% against the United States Dollar, up 0.25% against the British Pound Sterling, up 0.2% against the Euro, up 0.14% against the New Zealand Dollar, even against the Chinese Yuan, up 0.81% against the Japanese Yen and down -0.24% against the Singapore Dollar Read on for the 1-week and 3-month AUD cross rates, charts and trends. View article >

Australian Dollar – Tue Nov 15: AUD Up vs USD, GBP, EUR, NZD, CNY, JPY & SGD.

Categories: AUD, INR, JPY, Markets, MYR, PHP, SGD
AUD 1 Week Charts
The November meeting minutes of the Reserve Bank of Australia (RBA) proved to be rather hawkish in tone, underscoring the impression that policymakers will not opt to cut interest rates again in the near future. However, the central bank did highlight some concerns over the strength of the domestic labour market. With market sentiment still decidedly volatile this was not enough to shore up the ‘Aussie’, despite the weekly consumer confidence index also showing an uptick. View article >

Australian Dollar – Mon Nov 14: AUD Up vs GBP, EUR, NZD & JPY and Down vs USD & CNY.

Categories: AUD, INR, JPY, Markets, MYR, PHP, SGD
AUD 1 Week Charts
A mood of general market risk appetite has helped to shore up the ‘Aussie’ on Monday, despite the latest raft of Chinese data proving disappointing. Markets have continued to adjust to the reality of the US presidential election results, with a more confident investor outlook offering support to the higher-yielding antipodean currency. Should the tone of the latest Reserve Bank of Australia (RBA) meeting minutes prove less dovish overnight then the Australian Dollar could extend its gains further. View article >
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