{"id":118642,"date":"2024-11-28T19:58:44","date_gmt":"2024-11-28T19:58:44","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118642"},"modified":"2024-11-30T18:08:20","modified_gmt":"2024-11-30T18:08:20","slug":"109371-usd-sgd-singapore-dollar-falls-after-inflation-cools-below-2","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109371-usd-sgd-singapore-dollar-falls-after-inflation-cools-below-2\/","title":{"rendered":"USD\/SGD: Singapore Dollar falls after inflation cools below 2%"},"content":{"rendered":"<ul>\n<li><strong>Singapore dollar (SGD) falls after yesterday&#8217;s gains<\/strong><\/li>\n<li><strong>Singapore inflation cooled to 1.8%<\/strong><\/li>\n<li><strong>US Dollar (USD) rises after steep losses yesterday<\/strong><\/li>\n<li><strong>USD volumes are low due to the Thanksgiving holiday<\/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 is rising, giving back some of yesterday\u2019s losses. The pair fell 0.47% in the previous session, settling on Wednesday at 1.3402. At 16:00 UTC, USD\/SGD trades +0.16% at 1.3424 and is in a range of 1.3407 and 1.3449.<\/p>\n<p>The Singapore Dollar was under pressure as investors continued to digest inflation data that was released earlier in the week. Singapore\u2019s headline inflation fell to 1.4% in October, down from 2% in September. This was also lower than analysts\u2019 expectations of 1.8% and marked the first time that Singapore\u2019s inflation fell below the 2% target since March 2021.<\/p>\n<p>Meanwhile, core inflation, which excludes more volatile items such as food and fuel, eased to 2.1% from 2.8%. This was also below forecasts of 2.5%.<\/p>\n<p>The Monetary Authority of Singapore dollar doesn\u2019t use interest rates to set its monetary policy but instead stabilises the price of goods through the management of the exchange rate.<\/p>\n<p>The US Dollar is rising across the board. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades at 106.17 at the time of writing, up 0.09%, after falling 0.87% yesterday.<\/p>\n<p>The USD was edging higher amid thin volumes due to the Thanksgiving holiday. The dollar recovered from a two-week low after a series of solid U.S. economic data.<\/p>\n<p>US Q3 GDP was upwardly revised to 1.9%. Jobless claims were lower than expected, and the core PCE rose to 2.8%, moving away from the Fed&#8217;s 2% target.<\/p>\n<p>What the market is pricing in a 60% probability of a 25 basis point rate cut in December, expectations for rate cuts across 2025 have been reined in.<\/p>\n<p>Looking ahead, the US economic calendar remains light again tomorrow, going to the half day for the U.S. stock market, which will likely see many traders away from their desks.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore dollar (SGD) falls after yesterday&#8217;s gains Singapore inflation cooled to 1.8% US Dollar (USD) rises after steep losses yesterday USD volumes are low due to the Thanksgiving holiday The US Dollar Singapore dollar (USD\/SGD) exchange rate is rising, giving back some of yesterday\u2019s losses. The pair fell 0.47% in the previous session, settling on [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5503,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1381],"tags":[3768,1398,3312],"class_list":{"0":"post-118642","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usd","8":"tag-gd","9":"tag-usd","10":"tag-usd-sgd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/SGD: Singapore Dollar falls after inflation cools below 2% - 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\/109371-usd-sgd-singapore-dollar-falls-after-inflation-cools-below-2\/\" \/>\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\\\/109371-usd-sgd-singapore-dollar-falls-after-inflation-cools-below-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109371-usd-sgd-singapore-dollar-falls-after-inflation-cools-below-2\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/SGD: Singapore Dollar falls after inflation cools below 2%\",\"datePublished\":\"2024-11-28T19:58:44+00:00\",\"dateModified\":\"2024-11-30T18:08:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109371-usd-sgd-singapore-dollar-falls-after-inflation-cools-below-2\\\/\"},\"wordCount\":332,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109371-usd-sgd-singapore-dollar-falls-after-inflation-cools-below-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100591-gbp-usd-pound-sinks-may-hangs-on.jpg\",\"keywords\":[\"GD\",\"usd\",\"usd\\\/sgd\"],\"articleSection\":[\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109371-usd-sgd-singapore-dollar-falls-after-inflation-cools-below-2\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109371-usd-sgd-singapore-dollar-falls-after-inflation-cools-below-2\\\/\",\"name\":\"USD\\\/SGD: Singapore Dollar falls after inflation cools below 2% - 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