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Currency Market Analysis

Sep 13, 2017 | Currency Market Analysis

Global Themes

Greenback climbs again as US markets hit new all-time highs

The USDSGD was stronger again overnight as markets remained focus on the rebound in US markets.

US sharemarkets hit new all-time highs on the back of investor relief as the impact of Hurricane Irma was less than feared.

The US dollar was supported on the move as it continued to rebound from two-year lows.

Pound rallies

The USDSGD climbed 0.1%.

The British pound was the major mover after a very strong inflation number. UK inflation came in at 2.9% with markets concerned that growing price pressures could force the Bank of England raise UK interest rates.

The GBPSGD climbed 1.0% as it traded to the highest level in four weeks.

The Bank of England meets on Thursday night.

US CPI tomorrow

Tonight, UK employment and US producer prices will be the major overnight announcements.

Tomorrow, US inflation figures will be the week’s biggest release.

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