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May 28, 2015

Fed’s Williams says U.S. rate rise likely this year, economy to bounce back

SINGAPORE, May 28 (Reuters) – San Francisco Fed President
John Williams said on Thursday the Fed was likely to raise
interest rates later this year, adding that he expects
above-trend U.S. growth for the rest of 2015 after a weak first

Asked by reporters in Singapore about the possible timing of
a U.S. rate hike, Williams said the subject is “on the table” at
every meeting of the Federal Open Market Committee, whether the
next one at June 16-17 or later ones.

May 26, 2015

Robust Singapore Q1 GDP points to steady policy for now

SINGAPORE (Reuters) – Singapore’s economy in the first quarter grew faster than estimated as manufacturing and services sectors showed more resilience, boding well for the city-state’s economic growth outlook this year.

The surprisingly strong data bolsters the case for the Monetary Authority of Singapore (MAS) to hold off from additional monetary easing later this year, economists said.

May 26, 2015

Singapore first-quarter GDP expands at faster pace on stronger manufacturing

SINGAPORE (Reuters) – Singapore’s economy grew faster than initially estimated in the first quarter as manufacturing and services sectors showed more resilience, boding well for the city-state’s economic growth outlook this year.

The trade-reliant economy expanded an annualized and seasonally adjusted 3.2 percent in the January-March quarter from the previous three months, the Ministry of Trade and Industry said on Tuesday.

May 25, 2015

Singapore April CPI posts biggest annual drop in 5 years, easing mooted

SINGAPORE, May 25 (Reuters) – Singapore’s consumer prices
recorded their biggest year-on-year drop in five years in April,
an outcome analysts said could open the way to further monetary
easing if economic growth disappoints later this year.

The all-items consumer price index fell 0.5 percent in April
from a year earlier, official data showed on Monday. That was
the largest drop since late 2009 and exceeded the 0.1 percent
drop expected by economists in a Reuters poll.

May 22, 2015

Dollar eases after U.S. data disappoints, awaits Yellen

SINGAPORE/TOKYO (Reuters) – The dollar edged lower versus a basket of major currencies on Friday in the wake of unimpressive U.S. economic data, with investors awaiting speeches by major central bankers.

The dollar index slipped 0.2 percent to 95.117 .DXY, having backed off from Wednesday’s peak of 95.837, its highest level since May 5.

May 20, 2015

Dollar hits two-month high vs yen, buoyed by U.S. housing data

SINGAPORE/SYDNEY (Reuters) – The dollar hit a two-month high versus the yen on Wednesday after strong housing data offered signs that the U.S. economy may be recovering from a weak first quarter.

The dollar rose as high as 120.98 yen, its strongest level since March 20, before paring some of the gains to trade at 120.86 yen, up 0.1 percent on the day.

May 19, 2015

Dollar supported by higher yield, Greek anxiety weighs on euro

SINGAPORE/TOKYO, May 19 (Reuters) – The dollar held firm on
Tuesday in the wake of a rise in U.S. bond yields and as the
euro came under renewed pressure on persistent worries that
Greece may miss debt repayments next month.

The dollar last traded at 94.205 versus a basket of
six major currencies, having touched a high of 94.336 at one
point during the session, its highest level in nearly a week.

May 14, 2015

Dollar nurses losses after weak retail sales, kiwi jumps

SINGAPORE/SYDNEY, May 14 (Reuters) – The dollar languished
near a three-month low against a basket of major currencies on
Thursday after surprisingly soft retail sales prompted some
investors to wonder if the Federal Reserve can afford to hike
interest rates at all this year.

The dollar index eased 0.1 percent to 93.540, having
fallen to 93.461 on Wednesday, its lowest level since early
February. It has now shed nearly 7 percent from a 12-year peak
of 100.390 set in March.

May 14, 2015

Singapore policy easing expectations fade even as CPI falls persist

SINGAPORE, May 14 (Reuters) – Singapore’s longest spell of
consumer price falls since 2009 looks set to persist for a few
more months, but economists expect stabilising oil prices and a
continued global economic recovery to offer the central bank
good reason to stand pat on policy for the rest of 2015.

Singapore’s consumer price index (CPI) dropped
0.3 percent in March due to falls in housing rents and lower
private-transport costs, marking the fifth consecutive month of
year-on-year declines. But core prices, which exclude
accommodation and private transport costs, are still on the
rise, helped by higher food and education costs. Many economists
now say the overall CPI will stop falling around the third
quarter, as they lower expectations of a policy easing.

May 13, 2015

Dollar falters before U.S. data, euro edges higher

SINGAPORE/SYDNEY, May 13 (Reuters) – The dollar slipped
against a basket of major currencies on Wednesday, with the
near-term focus on whether U.S. retail sales data will point to
a pick-up in U.S. growth after a weak first quarter.

The dollar index slipped 0.2 percent to 94.382,
pulling away from this week’s high 95.258 set on Monday.