SGD/JPY Exchange rate
Editors’ Picks
AUD/USD languishes near YTD trough near 0.6350
AUD/USD stays vulnerable near 0.6350, sitting at multi-month lows early Friday. A bullish US Dollar and higher on hawkish December Fed rate cut bets weigh on the pair amid a risk-off market mood. Dovish RBA tilt also remains a drag on the major.
USD/JPY retakes 153.00 on fading hopes of BoJ rate hike
USD/JPY buyers are re-attempting 153.00 in Asian trading on Friday. The pair's upside is due to the growing acceptance that the BoJ will not raise rates next week. Further, the ongoing US Dollar advance, bolstered by expectations for a hawkish Fed rate cut, supports the pair.
Gold buyers not ready to give up yet
Gold's price looks to resume this week’s recovery to monthly highs of $2,726 early Friday, following Wednesday’s brief aberration. The US Dollar consolidates recent gains alongside the US Treasury bond yields amid a relatively light economic calendar heading into the weekend.
Pro-crypto French Hill selected as Chairman of the House Financial Services Committee
Republican party members selected pro-crypto French Hill as the Chairman of the US House Financial Services Committee on Thursday to replace retiring Patrick McHenry.
Can markets keep conquering record highs?
Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.