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Currency Market Analysis

Sep 18, 2017 | Currency Market Analysis

Global Themes

USDSGD nears lows, JPY weakest in 18 months as US Fed looms

The US dollar was mostly weaker on Friday after a procession or poor economic data hit the currency.

On Friday, a big drop in retail sales and industrial production hit the greenback.

The USDSGD fell 0.2% to return to near one-year lows.

Yen tumbles, pound jumps

The biggest move in markets came from the Japanese yen.

The JPYSGD tumbled 0.6% as it dropped to the lowest level since April 2016.

The British pound was stronger – up 1.4% -- as markets continued to look ahead to a potential UK rate hikes.

Fed looms

Later this week, the focus will be on the US Federal Reserve meeting on Wednesday night.

The Fed is expected to begin to wind back its massive bond purchases undertaken during the global financial crisis.

This move – never before undertaken – can have an unpredictable impact on financial markets.


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