Currency Market Analysis

Feb 25, 2019 | Currency Market Analysis

Global Themes

Trade talks to dominate this week as USD slips further

The USDSGD fell on Friday on hopes that the US and China would resolve their long-running trade dispute this week.

Over the weekend, US and Chinese officials continued to try and thrash-out an agreement.

President Donald Trump said over the weekend the talks have been “very productive” and “tremendous” progress has been made.

This week’s deadline has now been extended.

Euro pressure

The euro was weaker again on Friday after German business continued to slide and December-quarter German growth was reported flat.

The AUDSGD was up 0.5% after falling to the lowest levels since early January in heavy selling last week.

The NZD was higher as NZ retail sales came in at a stronger 3.5% for the December quarter.

CPI due

Locally, this week’s focus is on today’s inflation figures due at 1.00pm.

Singapore inflation has recently been above expectations.

From overseas, the US Federal Reserve chair Jerome Powell speaks to Congress on Tuesday and Wednesday night, while fourth-quarter US GDP is released on Thursday night.

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