Back
28 Jan 2015
Singapore’s MAS surprise spurs Dollar gains – MP
FXStreet (Barcelona) - Stuart McPhee, Currency Analyst at MarketPulse, comments on the Singapore’s Monetary Authority’s surprise and its effect on USD.
Key Quotes
“The dollar rose against most of its major peers after Singapore’s central bank unexpectedly eased monetary policy before a Federal Reserve meeting concludes today.”
“The Australian dollar rose against all its major counterparts after a report showed the nation’s underlying inflation accelerated. Singapore’s dollar slid to the lowest since 2010 after the Monetary Authority of Singapore reduced the slope of its currency band. Malaysia’s ringgit fell before the country’s policy makers announce their decision later today.”
Key Quotes
“The dollar rose against most of its major peers after Singapore’s central bank unexpectedly eased monetary policy before a Federal Reserve meeting concludes today.”
“The Australian dollar rose against all its major counterparts after a report showed the nation’s underlying inflation accelerated. Singapore’s dollar slid to the lowest since 2010 after the Monetary Authority of Singapore reduced the slope of its currency band. Malaysia’s ringgit fell before the country’s policy makers announce their decision later today.”