Tag: SGD

CBRT Raises Rates, Pushing Turkish Lira Up

The Turkish lira has aggressively rallied this morning after the Central Bank of the Republic of Turkey raise the one-week repo rate by +100 bps to +17.75%. Over 60% of FX dealers were expecting a tighter monetary policy, but by +25 to +50 bps. USD/TRY has fallen to a one-week low of $4.4570 (-1.83%), down […]

Dollar softer ahead of G7 Summit

Thursday June 7: Five things the markets are talking about G6 + 1 Despite global equities extending gains overnight on growing investor confidence in global growth, the markets attentions is turning towards the G7 conference that begins tomorrow in Quebec, Canada. Expect this summit to be an intensive affair amidst heightened trade tensions between the […]

Canada: International Merchandise Trade, April 2018

Canada’s exports rose 1.6% to a record $48.6 billion in April, while imports were down 2.5% to $50.5 billion. As a result, Canada’s merchandise trade deficit with the world narrowed from $3.9 billion in March to $1.9 billion in April. In real (or volume) terms, exports rose 1.2% and imports fell 2.4%. Exports reach record […]

A hawkish ECB backs up yields and supports EUR

Wednesday June 6: Five things the markets are talking about Global equities have extended their limited gains overnight on signs that major economies will avoid a fallout trade war. An outlier was Euro equities, which have stalled as the ‘single’ unit strengthened and government bonds declined amid some ‘hawkish’ messages from the ECB. Note: The […]

U.S. job openings hit record high in April

U.S. job openings rose to a record high in April, but hiring continued to lag, pointing to a worsening shortage of workers. Job openings, a measure of labor demand, increased to a seasonally adjusted 6.7 million from 6.6 million in March, the Labor Department said on Tuesday in its monthly Job Openings and Labor Turnover […]

Mexico hits back with pork, bourbon tariffs

Mexico imposed wide-ranging tariffs on American products ranging from steel to pork and bourbon on Tuesday, responding to President Donald Trump’s metals tariffs and taking aim at Republican strongholds ahead of U.S. congressional elections in November. Mexico’s retaliation further raises trade tensions between the two countries, which have been echoed in dealings between Washington and […]

Dollar Moves Confined as Investors Look for Clues

Tuesday June 5: Five things the markets are talking about The risk rally remains afloat despite last week’s geopolitical concerns and pending global tariff fall out. Capital markets seem content to regroup after recent developments. However, with President Trump stepping up his aggressive trade policies and the ‘populists,’ who are poised to start, governing in […]

U.S. Factory Orders Fall

New orders for U.S.-made goods fell more than expected in April, weighed down by declines in demand for transportation equipment and machinery, but the underlying trend continued to suggest strong momentum in the manufacturing sector. Factory goods orders decreased 0.8 percent, the Commerce Department said on Monday. Data for March was revised up to show […]

‘Bumpy road’ ahead of Korea summit

US Defence Secretary James Mattis has warned of a “bumpy road” to the negotiating table with Kim Jong-un, as nuclear talks with North Korea, tentatively scheduled for June 12, still appear to hang in the balance. He cautioned against high expectations, days after US President Donald Trump had announced that the previously cancelled meeting in […]

U.K PM Plans Trade Talks with Trump this week

The prime minister is planning further talks with US President Donald Trump about a looming trade war over steel and aluminium tariffs. Theresa May’s spokesman said on Monday that the two leaders would discuss the issue again later in the week. “The prime minister has discussed this with President Trump on a number of occasions […]