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Currency Market Analysis

Nov 22, 2019 | Currency Market Analysis

Global Themes

US shares, SGD lower as trade worries weigh

US shares had their third-straight losing session overnight as worries about trade continued to weigh on financial markets.

The Singapore dollar was also weaker.

The trade gloom continued to impact markets despite a more positive assessment from Chinese officials overnight.

A US government bill that provides support to Hong Kong was seen as another negative in

US-China trade news.

Losses

The USDSGD climbed 0.1%.

The EURSGD fell 0.1% while the JPYSGD gained 0.1%.

PMIs

Today’s focus is on a series of manufacturing members with the release of the monthly PMIs (purchasing mangers index).

This measure is seen as the most up-to-date reading of global manufacturing and has recently seen a small improvement. However, the report still signals global manufacturing is in contraction.

Germany, France and the US readings are due later in the day.


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