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Apr 25, 2014

Singapore’s strong March factory output may trigger Q1 GDP upward revision

SINGAPORE, April 25 (Reuters) – Singapore’s first-quarter
growth could be revised higher after data on Friday showed
unexpectedly strong industrial output in March, double the pace
of market expectations.

Manufacturing output in March surged 12.1 percent from a
year earlier, far exceeding expectations in a Reuters poll for
growth of 6.3 percent.

Apr 25, 2014

Dollar steady near 1-week low vs yen, held back by Ukraine tensions

TOKYO/SINGAPORE, April 25 (Reuters) – The dollar held steady
near a one-week low versus the yen on Friday, struggling to gain
traction as rising tension in Ukraine undermined optimism about
U.S. economic growth.

The dollar last stood at 102.35 yen, not very far
from a one-week low of 102.085 set on Thursday, when rising
tensions in Ukraine helped keep risk appetite in check.

Apr 24, 2014

Kiwi rallies on hawkish RBNZ, euro eyes ECB speech

SYDNEY/SINGAPORE, April 24 (Reuters) – The New Zealand
dollar rallied on Thursday after the country’s central bank
raised interest rates and signalled more hikes ahead, while
caution ahead of a speech by the European Central Bank’s
president kept the euro subdued.

The kiwi climbed to a one-week high of $0.8638
after the Reserve Bank of New Zealand said it would continue to
tighten to stay on top of inflationary pressures. As expected,
it hiked its cash rate to 3.0 percent from 2.75 percent.

Apr 23, 2014

Aussie slides on inflation data, other major currencies subdued

SINGAPORE, April 23 (Reuters) – The Australian dollar slid
on Wednesday after data showed that Australian consumer prices
rose less than expected in the first quarter, lessening the risk
of a rise in domestic interest rates this year.

Other major currencies were subdued, with the euro edging up
0.1 percent to around $1.3817, while the dollar eased 0.1
percent to 102.55 yen.

Apr 17, 2014

Singapore’s weak March exports cast pall over outlook

SINGAPORE, April 17 (Reuters) – Singapore’s exports in March
fell more than expected on declines in shipments to the United
States and Europe, official data showed on Thursday, clouding
the city-state’s trade outlook.

Non-oil domestic exports slid 6.6 percent in March from a
year earlier, according to the trade agency International
Enterprise Singapore, far below a median forecast of a 0.8
percent dip in a Reuters poll.

Apr 16, 2014

Aussie off lows after China GDP; yen edges down

SINGAPORE, April 16 (Reuters) – The Australian dollar pared
losses on Wednesday after China’s first-quarter economic growth
slightly exceeded expectations and helped underpin risk
sentiment.

The safe-haven yen slipped as Tokyo shares extended gains
following vague comments from Japanese Finance Minister Taro Aso
on the country’s $1.26 trillion government pension fund, which
traders took to mean that it could step up its stock buying.

Apr 15, 2014

Dollar holds firm after upbeat U.S. retail sales data

TOKYO/SINGAPORE (Reuters) – The dollar inched higher versus a basket of major currencies on Tuesday, staying on firm footing after U.S. retail sales data the previous day signaled a brighter outlook for the U.S. economy.

U.S. retail sales recorded their largest gain in 1-1/2 years in March, the latest data to suggest growth was set to spring back in the second quarter after an unusually harsh winter.

Apr 14, 2014

Singapore keeps monetary policy tight, sees economy rebounding from weak first quarter

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 a sustained recovery in advanced economies spurs a rebound in the city-state.

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.

Apr 14, 2014

Singapore sticks to tight monetary policy, economy slows in Q1

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.

Apr 10, 2014

Dollar stung by Fed minutes, Aussie rises on solid jobs data

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.