Published at 00:44 (GMT) 30 Oct

Fx Market Alerts

With risk-on trades and EUR strength from overnight moves flexing their way in opening trades, it was not surprising to seethe USD/SGD slipping further below the 1.40-figure to .3970-ish levels. Some AUD/SGD selling also heard, but MAS is likely to be below if sustained. USD/MYR also hopped onto the long reversal bandwagon, and the SGD/MYR slipped as the quasi safe haven plays into the SGD (on relative basis) reversed out. Some stabilization in FX markets now. Could be the USD/JPY sales by exporters that has stalled the Cross/JPY upside or those drilling into US GDP to mull the cash-for-clunkers boost that gave it a boost. Regardless, after the risk assets purge of sorts earlier this week, the overall mood seems to be still tilted to a bit more risk-taking compared to yesterday's session. Consolidation above 1.3950 for the USD/SGD likely; and USD/MYR seen hovering around the 3.40-figure after early break below 3.41. VV