USD/SGD breaks below 100-day moving average

The nominal effective exchange rate is above the mid-point of the appreciation policy band.

DBS Group Research reported:

USD/SGD broke below its 100-day moving average around 1.2260, its support in the first three days of this week.

More importantly, the SGD nominal effective exchange rate is now above the mid-point of its appreciation policy band, where it should be in an improving outlook environment.

Against this background, there is no reason to expect the source of yesterday’s optimism to be excluded.

OCBC Treasury Research meanwhile noted:

The SGD NEER is creeping nearer the extreme strong end of its fluctuation band again given the prevailing market conditions with the index currently around +1.23% above its perceived parity (1.2385) with the extreme boundary expected at around 1.2200.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.