Currency Market Analysis

Sep 27, 2019 | Currency Market Analysis

Global Themes

USDSGD at three-week highs as fears drive sharemarkets lower

The USDSGD was higher overnight as US sharemarkets faltered with political and economic fears driving investors.

Politically, worries about the potential impeachment of US President Donald Trump and tensions in the UK ahead of its scheduled departure from the EU saw equity markets lower.

Economically, sluggish growth out of Europe was the euro fall to two-year lows further boosted the US dollar.

Gains given up

The global fears saw safe haven currencies like the US dollar climb higher.

The Japanese yen also climbed.

PCE due

Tonight’s focus is on US inflation figures with the personal consumption and expenditure numbers due at 830pm.

Also due, the US sees personal spending and durable goods orders released.

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