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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

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.

Jun 19, 2015

Dollar set for third weekly loss, tame inflation clouds outlook

SYDNEY/SINGAPORE, June 19 (Reuters) – The dollar held steady
near a one-month low against a basket of major currencies on
Friday, after tame U.S. inflation data added to uncertainty over
when the Federal Reserve will begin raising interest rates.

Data on Thursday showed a measure of U.S. core inflation
rose a mere 0.1 percent in May, the smallest gain in five
months, suggesting the Fed can stick to a very gradual policy
tightening cycle, when it eventually does start hiking rates
later in the year.

Jun 18, 2015

Dollar hits 1-month low as Fed refrains from clearer rate signals

SINGAPORE/SYDNEY, June 18 (Reuters) – The dollar hit a
one-month low on Thursday, staying on the defensive after the
head of the Federal Reserve disappointed some who had hoped for
a clearer signal on when the central bank will lift interest

Instead, Fed Chair Janet Yellen on Wednesday emphasised that
the rate decision was still up in the air and rested squarely on
further improvement in the labour market, a longstanding

Jun 11, 2015

Reuters poll – Asia FX sentiment worsens on Fed rate rise bets

SINGAPORE (Reuters) – Sentiment towards most emerging Asian currencies worsened in the last two weeks after strong U.S. jobs data bolstered expectations that U.S. interest rates will move higher before year-end, a Reuters poll showed on Thursday.

Bearish bets against the Indonesian rupiah, the Malaysian ringgit, the South Korean won and the Taiwan dollar all rose to their largest levels in nearly three months.

May 30, 2015

Japan says China, others must behave responsibly on South China Sea

SINGAPORE (Reuters) – Japan’s Minister of Defense warned on Saturday that land reclamation projects in the South China Sea risked plunging the region into disorder and urged nations, including China, to behave responsibly.

“If we leave any unlawful situation unattended, order will soon turn to disorder, and peace and stability will collapse,” Gen Nakatani said during a speech at the Shangri-La Dialogue in Singapore.