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Jul 23, 2015

Singapore’s June consumer prices slip for eighth straight month

SINGAPORE (Reuters) – Singapore’s annual consumer prices fell for the eighth straight month in June, an outcome that could give the central bank room to ease policy if economic growth disappoints.

The all-items consumer price index (CPI) in June fell 0.3 percent from a year earlier, official data showed on Thursday, in line with the median forecast in a Reuters survey. In May headline CPI fell 0.4 percent.

Jul 22, 2015

Dollar pauses after rally, uptrend seen intact

SINGAPORE/SYDNEY (Reuters) – The dollar held steady versus a basket of major currencies on Wednesday, nursing losses suffered the previous day in its biggest one-day fall so far this month.

The dollar index traded at 97.304 .DXY as of 0530 GMT (1.30 a.m. EDT), having fallen back from a three-month high of 98.151 set on Tuesday, when it ended up falling about 0.7 percent.

Jul 21, 2015

Singapore’s c.bank says 2015 inflation likely to be at lower end of forecast

SINGAPORE, July 21 (Reuters) – Singapore’s central bank said
on Tuesday that headline and core inflation this year are likely
to be at the lower end of its earlier forecasts, but it expects
prices to pick up in 2016.

The risk of a further downgrade to the central bank’s
inflation forecasts is low, Monetary Authority of Singapore
(MAS) Managing Director Ravi Menon told a news conference.

Jul 20, 2015

Dollar buoyed by US rate rise view; Aussie hits 6-year low

SINGAPORE, July 20 (Reuters) – The dollar hit a three-month
high against a basket of major currencies on Monday, after solid
U.S. inflation and housing data supported expectations for the
Federal Reserve to raise interest rates in coming months.

The greenback is coming off its best weekly performance in
about two months, having risen last week after Fed Chair Janet
Yellen reiterated that U.S. interest rates will probably be
lifted later in the year.

Jul 20, 2015

Dollar hits 3-month high, buoyed by Fed rate rise view

SINGAPORE, July 20 (Reuters) – The dollar hit a three-month
high against a basket of major currencies on Monday, after solid
U.S. inflation and housing data supported expectations for the
Federal Reserve to raise interest rates in coming months.

The greenback is coming off its best weekly performance in
about two months, having risen last week after Fed Chair Janet
Yellen reiterated that U.S. interest rates will probably be
lifted later in the year.

Jul 16, 2015

Euro slips after Greece approves bailout plan, dollar buoyed by Yellen

SINGAPORE/TOKYO (Reuters) – The euro edged lower on Thursday after Greece’s parliament approved the austerity plan demanded by its lenders, while the U.S. dollar firmed as the Federal Reserve chief did not waver from her views that a rate hike was on the cards this year.

The euro briefly ticked higher on the Greek news, but later sagged back down and touched a six-week low at $1.0912 at one point. The single currency last traded at $1.0930, down 0.2 percent on the day.

Jul 16, 2015

Singapore June exports rise, but soft trend points to economic stress

SINGAPORE, July 16 (Reuters) – Singapore’s exports in June
grew at a stronger-than-expected annual pace, although a
disappointing monthly drop suggested a more sustained period of
external improvement is necessary to lift the trade-reliant
economy amid fitful global demand.

Non-oil domestic exports (NODX) rose 4.7 percent in June
from a year earlier on strong shipments to the United States and
China, trade agency International Enterprise Singapore said in a
statement on Thursday.

Jul 14, 2015

Singapore Q2 GDP unexpectedly shrinks on blow to manufacturing

SINGAPORE, July 14 (Reuters) – Singapore economy
unexpectedly contracted in the second quarter as sluggish global
demand knocked the city-state’s manufacturing sector, dimming
the outlook as growth in key trade partner China continues to
cool.

Gross domestic product shrank 4.6 percent in the second
quarter from the previous three months on an annualised and
seasonally adjusted basis, pressured by the manufacturing sector
contracting 14 percent on quarter, advance estimates from the
Ministry of Trade and Industry (MTI) showed on Tuesday.

Jul 13, 2015

Euro slips as Greek deal remains elusive

SINGAPORE/SYDNEY (Reuters) – The euro fell on Monday, hurt by uncertainty over whether a near-bankrupt Greece can secure more funding as its European partners demanded tough reforms in return for throwing a life-line to the debt-strapped nation.

The euro last traded at $1.1145 EUR=, down 0.2 percent on the day. Earlier on Monday, it had slid as far as $1.1090, having stood at $1.11625 in late U.S. trade on Friday.

Jun 24, 2015

Dollar near 1-week high, rate hike view back in focus

SINGAPORE/SYDNEY (Reuters) – The dollar hovered near its highest in over a week against a basket of major currencies on Wednesday as the market’s focus shifted from Greece to prospects for higher U.S. interest rates.

The dollar index eased 0.1 percent to 95.298 .DXY. On Tuesday it had climbed to 95.636, its highest level since June 12.