{"id":118137,"date":"2024-08-14T20:25:44","date_gmt":"2024-08-14T19:25:44","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118137"},"modified":"2024-08-14T20:27:26","modified_gmt":"2024-08-14T19:27:26","slug":"109193-usd-sgd-singapore-dollar-hits-an-18-month-high","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109193-usd-sgd-singapore-dollar-hits-an-18-month-high\/","title":{"rendered":"USD\/SGD: Singapore Dollar hits an 18-month high"},"content":{"rendered":"<ul>\n<li><strong>Singapore Dollar (SGD) rises for a fifth day<\/strong><\/li>\n<li><strong>MAS is not expected to cut rates<\/strong><\/li>\n<li><strong>US Dollar (USD) falls versus major peers<\/strong><\/li>\n<li><strong>US CPI inflation eased to 2.9% YoY<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Singapore Dollar (<a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-usd-to-sgd-exchange-rate-today\/\">USD\/SGD<\/a>) exchange rate fell for a fifth straight day on Wednesday. The pair fell -0.53% in the previous session, settling on Tuesday at 1.3170. At 21:00 UTC, USD\/SGD trades -0.04% at 1.3164 and is in a range of 1.3141 to 1.3181.<\/p>\n<p>The Singapore dollar extended gains, rising to an 18-month high versus the US dollar amid expectations that the local central bank will keep managing apostasy tighter relative to the Federal Reserve.<\/p>\n<p>The Singapore dollar is on track for its largest monthly gain in August since 2023 and is the second performer among Asian currencies this year.<\/p>\n<p>The Monetary Authority of Singapore is not expected to cut interest rates until next year, later than the Federal Reserve, which could make a move as soon as next month.<\/p>\n<p>The Singapore economy is expected to grow between 2% and 3% this year, and investors will also be watching non-oil domestic export data, which is due on Friday and is expected to show a slight rebound.<\/p>\n<p>The US Dollar is falling across the board. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades -0.04% 102.57 at the time of writing, marking the third straight day of losses.<\/p>\n<p>The U.S. dollar is falling off the US inflation data, suggesting that the Federal Reserve is still on track to cut interest rates next month.<\/p>\n<p>US inflation, as measured by the consumer price index, eased to 2.9% year on year in July, down from 3% in June and in line with forecasts. This marked the first time That inflation fell below 3% since March 2021.<\/p>\n<p>The data supports the view that the Federal Reserve will start cutting rates in September. The market is fully pricing in a 25-basis-point rate cut in September and a 37% chance of a 50-basis-point rate cut.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore Dollar (SGD) rises for a fifth day MAS is not expected to cut rates US Dollar (USD) falls versus major peers US CPI inflation eased to 2.9% YoY The US Dollar Singapore Dollar (USD\/SGD) exchange rate fell for a fifth straight day on Wednesday. The pair fell -0.53% in the previous session, settling on [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5418,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379],"tags":[3717,1398,3312],"class_list":["post-118137","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gbp","tag-sgd","tag-usd","tag-usd-sgd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/SGD: Singapore Dollar hits an 18-month high - 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\/109193-usd-sgd-singapore-dollar-hits-an-18-month-high\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109193-usd-sgd-singapore-dollar-hits-an-18-month-high\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109193-usd-sgd-singapore-dollar-hits-an-18-month-high\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/SGD: Singapore Dollar hits an 18-month high\",\"datePublished\":\"2024-08-14T19:25:44+00:00\",\"dateModified\":\"2024-08-14T19:27:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109193-usd-sgd-singapore-dollar-hits-an-18-month-high\\\/\"},\"wordCount\":331,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109193-usd-sgd-singapore-dollar-hits-an-18-month-high\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100933-gbp-usd-super-wednesday-events.jpg\",\"keywords\":[\"SGD\",\"usd\",\"usd\\\/sgd\"],\"articleSection\":[\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109193-usd-sgd-singapore-dollar-hits-an-18-month-high\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109193-usd-sgd-singapore-dollar-hits-an-18-month-high\\\/\",\"name\":\"USD\\\/SGD: Singapore Dollar hits an 18-month high - 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