SINGAPORE (Reuters) – Singapore’s central bank stuck to its tight monetary policy stance on Monday despite weaker growth in the first quarter, saying core inflation will remain elevated as the economy grows at a moderate pace this year.
In a widely expected decision, the Monetary Authority of Singapore (MAS) said it will maintain its policy of allowing a “modest and gradual” appreciation of the Singapore dollar, with no changes to the slope, width or centre of the policy band.
SYDNEY/SINGAPORE, April 10 (Reuters) – The dollar hit a
three-week low versus a basket of major currencies on Thursday
after minutes from the Federal Reserve’s March meeting
disappointed dollar bulls, while the Aussie dollar surged on
data showing solid Australian jobs growth.
Minutes of the Fed’s March 19 meeting released on Wednesday
showed Fed officials had worried the bank’s forecasts on
interest rates might appear to investors as mapping out a more
aggressive cycle of rate hikes.
SINGAPORE (Reuters) – The dollar slipped against the yen on Tuesday, struggling to gain traction after the Bank of Japan held off from additional easing as expected, with focus turning to a news conference by BOJ Governor Haruhiko Kuroda.
The dollar last fetched about 102.98 yen, down 0.1 percent on the day.
The dollar had been weak against the yen even ahead of the BOJ policy decision. The dollar briefly dipped a tad versus the yen after the BOJ kept policy unchanged, but later pared some of its losses on the day.
SINGAPORE (Reuters) – The World Bank trimmed its 2014 growth forecast for developing East Asia but said the region’s economies were likely to see steady growth in the next couple of years, helped by a pick-up in global growth and trade.
The Washington-based development bank expects the developing East Asia and Pacific (EAP) region to grow 7.1 percent in 2014 and 2015, down from the 7.2 percent rate it had previously forecast for both years.
SYDNEY/SINGAPORE, April 3 (Reuters) – The euro inched lower
versus the dollar on Thursday, staying on the defensive as the
market turned cautious on expectations the European Central Bank
may sound dovish following its policy review later in the day.
While most analysts do not think the ECB will ease this
week, recent price data have upped the ante for the bank to do
more soon to tackle the threat of deflation.
SYDNEY/SINGAPORE, April 1 (Reuters) – The yen stayed on the
backfoot on Tuesday, while the dollar hovered near a two-week
high versus a basket of currencies after the head of the Federal
Reserve took pains to defend the central bank’s ultra-loose
The dollar index was little changed at 80.120, after
hitting 80.296 on Monday. Against the yen, though, the dollar
rose 0.1 percent to 103.30 yen, holding near Monday’s
three-week high of 103.44 yen.
SYDNEY/SINGAPORE, March 31 (Reuters) – The yen struggled to
gain traction versus the dollar and touched a fresh six-year low
against the New Zealand dollar on Monday as demand for the
safe-haven currency waned amid hopes of more stimulus from
The dollar held steady at 102.84 yen, staying above
Friday’s session low near 102.03 yen.
TOKYO/SINGAPORE (Reuters) – The euro held steady near recent lows versus the dollar on Thursday after comments from European Central Bank officials revived speculation about further monetary easing to stave off potential deflation.
The euro traded at around $1.3784, hovering near a low of $1.3749 hit twice in recent days, a break of which will bring the currency to its lowest level since March 6.
SYDNEY/SINGAPORE (Reuters) – The dollar held steady against a basket of major currencies on Tuesday, keeping a low profile after slipping on the previous day in the wake of a disappointing reading on U.S. manufacturing activity.
The dollar index last fetched 79.952 .DXY, having backed away from Monday’s session high of 80.290 and a three-week peak of 80.354 set last Thursday.
SYDNEY/SINGAPORE, March 21 (Reuters) – The dollar hovered
near a three-week peak against a basket of major currencies on
Friday, but could struggle to extend gains as investors awaited
more clarity on the Federal Reserve’s policy path.
Fed officials including Richard Fisher, James Bullard and
Narayana Kocherlakota are all due to speak later on Friday,
after Fed Chair Janet Yellen surprised markets mid-week by
suggesting the possibility of raising interest rates early next