USD/SGD: On the Cusp of a Bearish Breakout as Singapore Dollar Jumps
The USD/SGD exchange rate has remained under pressure in the past few weeks as the US dollar has softened recently. It was trading at 1.2725 on Wednesday, down from the year-to-date high of 1.2925. The USD/SGD exchange rate has remained in a downward trend in the past few weeks as the greenback has pulled back across the board. Data shows that the US Dollar Index (DXY) has dropped to $98 from the year-to-date high of $100.65. The dollar has dropped recently as investors have embraced a risk-on sentiment, as evidenced by the ongoing stock market surge, with the Dow Jones and S&P 500 indices rising to a record high this ...
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NASDAQ TRADE HALT CONTINUES <UCFI.O> REASON NOT AVAILABLE AT 10:03 AM
Top Trader: It Doesn’t Take a Math Genius to See What Will Happen With XRP

SlowMist has yet to confirm crypto theft from iPhone Safari attack
ANDERSEN GROUP INC : TRUIST SECURITIES RAISES TARGET PRICE TO $70 FROM $55
