USDSGD Forex News

Dollar Retreats on Soft US PMIs, Bond Yields Tumble

Dollar Retreats on Soft US PMIs, Bond Yields Tumble

The US ISM Manufacturing PMI in February fell to 47.8, way below estimates of 49.5, and 49.1 previously. US Bond yields tumbled, with the 10-year rate settling at 4.18% (4.25%). The 2-year US treasury rate slumped 11 basis points, finishing at 4.53%.
ACY Securities | 54 days ago
DXY Subdued on Soft US Durable Goods, Confidence

DXY Subdued on Soft US Durable Goods, Confidence

Heading into this morning’s RBNZ Rate Decision meeting, the Kiwi (NZD/USD) steadied to 0.6170, little changed from 0.6165 previously. The Kiwi retreated off Monday’s high at 0.6211. Last week RBNZ Governor Adrian Orr acknowledged the risks of tightening policy.
ACY Securities | 59 days ago