INSIDE SINGAPORE: Currency Heading for Worst Month Since August
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Singapore dollar has weakened 2.6% this month vs U.S. dollar; Singapore M2 money supply due today at 10am local time; click here for a chart of the trend.
Alert: HALISTER1- Singapore headline inflation may only turn positive toward the end of the year, Goldman Sachs economists write in note received May 30
- See a marginal increase in full-year average to -0.4% in 2016 from -0.5% in 2015; policy makers continue to expect core inflation to pick up gradually in 2016 as the disinflationary effects of oil as well as budgetary and other one-off measures ease
- USD/SGD now down 0.2% to 1.3795, below 100-DMA at 1.3818
- AUD/SGD showing bullish momentum divergence between falling cross rate and rising slow stochastics; cross now steady at 0.9925, down 2.9% this month
- Singapore PM visits Finance Minister Heng in hospital, says he’s recovering well
- Singapore reappoints 4 directors to central bank board
- 10-year govt bond yield rose yesterday by 7 bps to 2.2428%, highest daily close since March 2
Source: BFW (Bloomberg First Word)
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UUID: 7947283