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MAS intervenes in Singaporean Dollar?

FXStreet (Bali) - USD/SGD has dropped sharply from 1.3102 towards 1.30 round number after the Monetary Authority of Singapore reportedly intervened int he market to slow down the consistent depreciation in the Singaporean Dollar.

While there is no confirmation of intervention from officials just yet, it all seems to point at the MAS as the one to blame for this flash 80 pips decline. Should further selling be seen in the days/weeks to come, only a break below 1.2840/50 will turn technicals slightly more positive near term, while on the topside, looks like 1.31 will now be a resistance that the MAS may want to keep defending.

GBP/USD remains in sluggish range top end of 1.56 handle

GBP/USD is trading at 1.5675, down -0.01% on the day, having posted a daily high at 1.5689 and low at 1.5671.
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China HSBC PMI, UK retail sales in focus - Westpac

Sean Callow, FX Strategist at Westpac, breaks down the key events to watch for on Thursday, including flash’ Nov China’s manufacturing PMI from HSBC/Markit, European Nov PMIs and UK Oct retail sales.
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