SGD/MYR Exchange rate
Editors’ Picks
EUR/USD drops toward 1.0950 on tepid risk sentiment
EUR/USD is seeing a fresh selling wave toward 1.0950 in the European session on Wednesday, as the US Dollar resumes upside amid lingering Chinese economic concerns and the Middle East escalation. The focus now stays on the ECB/ Fed-speak and the FOMC Minutes.
GBP/USD sits at multi-week low below 1.3100, awaits FOMC minutes
GBP/USD is trading close to multi-week lows below 1.3100 in the European trading hours on Wednesday. The US Dollar adds to recent gains amid risk aversion, awaiting the Fed Minutes for a fresh directional impetus in the pair.
Gold price struggles to lure buyers as smaller Fed rate cut bets underpin USD
Gold price remains under some selling pressure for the sixth successive day on Wednesday and is currently placed just above a three-week low, around the $2,605-2,604 region touched the previous day.
Bitcoin shows signs of weakness
Bitcoin is hovering at a critical support level, and a drop below it could signal a downturn, while Ethereum and Ripple are approaching important resistance levels, where a rejection might indicate a shift towards bearish momentum.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.