SGD/USD Exchange rate
Editors’ Picks
EUR/USD drops to fresh lows and challenges 1.0400
The US Dollar now gathers extra steam, sending the US Dollar Index (DXY) to fresh highs and forcing EUR/USD to dro to daily lows in the 1.0400 zone ahead of the release of the FOMC Minutes.
Gold retreats, holds firmly above $2,920
Prices of Gold now face increasing selling pressure and recedes to the area of daily lows near the $2,930 level per ounce troy in response to the strong bounce in the Greenback, and mixed US yields.
GBP/USD breaks below 1.2600 to print new weekly lows
The strong resumption of the selling bias in the risk complex and further recovery in the Greenback prompt GBP/USD to rapidly break below the 1.2600 support and hit fresh weekly lows on Wednesday.
Fed Minutes to offer clues on slower rate cuts outlook in 2025
The Minutes of the Fed’s January 28-29 policy meeting will be published on Wednesday. Details surrounding the discussions on the decision to keep policy settings unchanged will be scrutinized by investors.
Money market outlook 2025: Trends and dynamics in the Eurozone, US, and UK
We delve into the world of money market funds. Distinct dynamics are at play in the US, eurozone, and UK. In the US, repo rates are more attractive, and bills are expected to appreciate. It's also worth noting that the Fed might cut rates more than anticipated, similar to the UK. In the eurozone, unsecured rates remain elevated.