{"id":107080,"date":"2020-12-07T17:29:38","date_gmt":"2020-12-07T17:29:38","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107080"},"modified":"2020-12-07T17:29:38","modified_gmt":"2020-12-07T17:29:38","slug":"104986-usd-struggles-sgd-inr-rise-with-emerging-markets","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104986-usd-struggles-sgd-inr-rise-with-emerging-markets\/","title":{"rendered":"USD Struggles, SGD, INR Trace Emerging Markets Higher"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><strong>US Dollar extends losses vs ASEAN as emerging market stocks rise<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>Risks: US lockdowns, fiscal aid &amp; bill, Brexit, EU budget<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>China &amp; Philippine trade data &amp; India industrial production<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The safe haven US Dollar moved lower versus most ASEAN currencies this past week, including the Singapore Dollar, Philippine Peso and Malaysian Ringgit. Broad market sentiment continued improving. Stocks on Wall Street advanced. The MSCI Emerging Markets Index (EEM) closed at an almost 2 year high as capital poured in from yield-seeking investors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Indonesian Rupiah was an exception which weakened against the US Dollar. USD\/INR was mostly flat after the Reserve Bank left rates unchanged.<\/span><\/p>\n<p><b>COVID VACCINE , US STIMULUS, BREXIT TALKS, EU BUDGET<\/b><\/p>\n<p><span style=\"font-weight: 400;\">ASEAN currencies will remain focused on risk trends ahead of the roll out of a coronavirus vaccine. In the UK immunizations are due to start on Tuesday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vaccine optimism overshadowed surging covid cases and softer US jobs numbers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">US policymakers appear to be slowly advancing towards stimulus agreement. In Europe, a $2.2 trillion budget and recovery package could be vetoed by Hungary and Poland if an agreement deal is not reached by the end of the day. Looking ahead, Friday sees the release of University of Michigan sentiment data. Analysts expected a decline to 76.0 from 76.9 in December. Given the trend for downbeat data miss wouldn\u2019t be so surprising.<\/span><\/p>\n<p><b>\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Dollar extends losses vs ASEAN as emerging market stocks rise Risks: US lockdowns, fiscal aid &amp; bill, Brexit, EU budget China &amp; Philippine trade data &amp; India industrial production The safe haven US Dollar moved lower versus most ASEAN currencies this past week, including the Singapore Dollar, Philippine Peso and Malaysian Ringgit. Broad market [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5503,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1381],"tags":[],"class_list":["post-107080","post","type-post","status-publish","format-standard","has-post-thumbnail","category-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD Struggles, SGD, INR Trace Emerging Markets Higher - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104986-usd-struggles-sgd-inr-rise-with-emerging-markets\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104986-usd-struggles-sgd-inr-rise-with-emerging-markets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104986-usd-struggles-sgd-inr-rise-with-emerging-markets\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD Struggles, SGD, INR Trace Emerging Markets Higher\",\"datePublished\":\"2020-12-07T17:29:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104986-usd-struggles-sgd-inr-rise-with-emerging-markets\\\/\"},\"wordCount\":230,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104986-usd-struggles-sgd-inr-rise-with-emerging-markets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100591-gbp-usd-pound-sinks-may-hangs-on.jpg\",\"articleSection\":[\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104986-usd-struggles-sgd-inr-rise-with-emerging-markets\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104986-usd-struggles-sgd-inr-rise-with-emerging-markets\\\/\",\"name\":\"USD Struggles, SGD, INR Trace Emerging Markets Higher - 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