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As I have mentioned before, MAS will depreciate the S$ to try and mitigate the downturn in export. Inflation will kick in real soon, & expect to see another round of price hikes. Furthermore, our CPF and private savings are being eroded away. 
http://www.rttnews.com/Content/CurrencyMarket.aspx?Node=b3&Id=855716
Singapore dollar plunges to new multi-week lows against US and Hong Kong counterparts
During early deals on Tuesday, the Singapore dollar declined to new multi-week lows against its US and Hong Kong counterparts. On the other hand, the Singapore currecny climbed to an 11-day high versus the European currency, while pared its early Asian session gains against the British pound.
The International Enterprise Singapore said today in a report that nation's non-oil domestic exports or NODX declined 35% year-over-year in January, after falling 21% in December. On a monthly basis, the NODX dropped a seasonally adjusted 36% in January, compared with a 13% decline in December. This was mainly due to lower electronic and non-electronic NORX.
The Singapore dollar that closed Monday's North American session at 1.5146 against the US dollar showed weakness during Tuesday's early deals. At 1:05 am ET, the Singapore currecny slipped to 1.5261, its lowest point since December 8, 2008. The next downside target level for the Singapore dollar is seen around 1.532.
The Singapore dollar edged higher against the European currency during Tuesday's early deals. At 11:25 pm ET, the local dollar reached a 11-day high of 1.9239 against the euro, compared to 1.9387 hit late New York Monday. The next upside target level for the Singapore currecny is seen around 1.909. The pair is currently quoted at 1.9272.
Against its Hong Kong counterpart, the Singapore dollar traded down during early deals on Tuesday. The pair that closed Monday's North American session at 5.1192, declined to 5.0851 at 12:45 am ET. This set lowest mark for the pair since December 8, 2008. If the pair falls further, 5.053 is seen as the next target level.
The Singapore dollar lost ground after hitting a high of 2.1587 against the British pound during early Asian deals on Tuesday. At 12:05 am ET, the Singapore currency declined to 2.1688 against the pound, compared to 2.1655 hit late New York Monday. On the downside, 2.198 is seen as the next target level for the local dollar.
In the European session today, the German and Euro-Zone ZEW survey reports for the month of February, Euro-Zone trade balance and the Italian current account report, British CPI, DCLG house prices and retail price index are due for release.
Across the Atlantic, the results of the New York Federal Reserve's empire state manufacturing survey is slated to be released at 8:30 AM ET. The headline general business conditions index for February is expected to come in at -22.2.
The Treasury Department is due to release a report on the flows of financial instruments into and out of the U.S. for December at 9 AM ET
http://www.rttnews.com/Content/CurrencyMarket.aspx?Node=b3&Id=855716
Singapore dollar plunges to new multi-week lows against US and Hong Kong counterparts
During early deals on Tuesday, the Singapore dollar declined to new multi-week lows against its US and Hong Kong counterparts. On the other hand, the Singapore currecny climbed to an 11-day high versus the European currency, while pared its early Asian session gains against the British pound.
The International Enterprise Singapore said today in a report that nation's non-oil domestic exports or NODX declined 35% year-over-year in January, after falling 21% in December. On a monthly basis, the NODX dropped a seasonally adjusted 36% in January, compared with a 13% decline in December. This was mainly due to lower electronic and non-electronic NORX.
The Singapore dollar that closed Monday's North American session at 1.5146 against the US dollar showed weakness during Tuesday's early deals. At 1:05 am ET, the Singapore currecny slipped to 1.5261, its lowest point since December 8, 2008. The next downside target level for the Singapore dollar is seen around 1.532.
The Singapore dollar edged higher against the European currency during Tuesday's early deals. At 11:25 pm ET, the local dollar reached a 11-day high of 1.9239 against the euro, compared to 1.9387 hit late New York Monday. The next upside target level for the Singapore currecny is seen around 1.909. The pair is currently quoted at 1.9272.
Against its Hong Kong counterpart, the Singapore dollar traded down during early deals on Tuesday. The pair that closed Monday's North American session at 5.1192, declined to 5.0851 at 12:45 am ET. This set lowest mark for the pair since December 8, 2008. If the pair falls further, 5.053 is seen as the next target level.
The Singapore dollar lost ground after hitting a high of 2.1587 against the British pound during early Asian deals on Tuesday. At 12:05 am ET, the Singapore currency declined to 2.1688 against the pound, compared to 2.1655 hit late New York Monday. On the downside, 2.198 is seen as the next target level for the local dollar.
In the European session today, the German and Euro-Zone ZEW survey reports for the month of February, Euro-Zone trade balance and the Italian current account report, British CPI, DCLG house prices and retail price index are due for release.
Across the Atlantic, the results of the New York Federal Reserve's empire state manufacturing survey is slated to be released at 8:30 AM ET. The headline general business conditions index for February is expected to come in at -22.2.
The Treasury Department is due to release a report on the flows of financial instruments into and out of the U.S. for December at 9 AM ET
