Singapore Dollar Slides To 5-day Low Against U.S. Dollar

RTTNews | 727 days ago
Singapore Dollar Slides To 5-day Low Against U.S. Dollar

(RTTNews) - The Singapore dollar weakened against the U.S. dollar in the Asian session on Tuesday.

Against the greenback, the Singapore dollar fell to a 5-day low of 1.3685. At yesterday's close, the Singapore dollar was trading at 1.3661 against the U.S. dollar.

If the Singapore dollar extends its downtrend, it is likely to find support around the 1.38 area.

read more
Dollar Edges Up After Fed's Cautious Rate Cut

Dollar Edges Up After Fed's Cautious Rate Cut

The six-currency Dollar Index which measures the U.S. dollar's strength against a basket of 6 currencies edged up during the week ended September 19 amidst a cautious rate cut by the Federal Reserve as well as status quo by Bank of England and Bank of Japan.
RTTNews | 4 minutes ago
European Shares Seen Mostly Lower In Cautious Trade

European Shares Seen Mostly Lower In Cautious Trade

European stocks are seen opening flat to slightly lower on Monday as investors react to the Trump administration's immigration crackdown on H-1B visas and shift focus to a slew of U.S. economic data as well as speeches by Fed Chair Jerome Powell and other Fed officials due this week for additional clues on the future path of interest rates.
RTTNews | 2h 40min ago
China Leaves Key Interest Rates Unchanged

China Leaves Key Interest Rates Unchanged

The People's Bank of China left its benchmark interest rates unchanged for the fourth straight month despite key indicators suggesting economic slowdown. The PBoC kept its one-year loan prime rate unchanged at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The decision came in line with expectations.
RTTNews | 2h 51min ago