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Currency Market Analysis

Jun 19, 2017 | Currency Market Analysis

Global Themes

Greenback falls from three-week highs as US data misses
The USDSGD fell from three-week highs on Friday after a series of weaker US releases sent the greenback lower.
New home construction fell for the third-month running while consumer confidence dropped to the lowest level October.

The US dollar fell on this news.

JPY falls post BoJ
The Singapore dollar fell in other markets.
The SGD was higher versus the British pound with larger losses versus the euro
However, the SGD has been stronger against the Japanese yen.
The Japanese yen fell, and hit the weakest level since 2 June, after the Bank of Japan said on Friday it would continue its money-printing program.

Fed talk
Looking to the week ahead, a series of speeches from Fed officials, including William Dudley and Charles Evans, will drive the USD overnight.
Locally, inflation and manufacturing numbers are both due on Friday.

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