Dollar VS Singapore Dollar



Early trading in the foreign exchange market of Singapore early in the week (14/12), SGD dollar exchange rate against the US dollar opened lower after earlier trading closed lower, but in the spot market was moving higher this morning. Similarly to the weakening rupiah this morning but tried to continue strengthening over the weekend.

The strong rise in the fed funds rate sentiment in global foreign exchange markets makes the value of the currency tends to weaken against the US dollar despite the fundamental driving force tonight the US dollar does not exist. With Rupiah tends to be stronger by the year-end holiday sentiment that makes Rupiah fairly swift entry of Singapore.

Monitor the Singapore dollar exchange rate at the current USDSGD pair (03:15:11 GMT) rolling in the range of 1.4114 in early trading after opening at 1.4131 levels. On the previous day the pair is trading close to the daily bullish ended at 1.4045.

Measuring the strength of the Singapore dollar against the rupiah to pair SGDIDR in the spot market is currently weak rolling in the range of 9957.71 after earlier trading closed 9973.28. And trading the weekend for inter-bank transactions in this country is based on the selling price of the BI rate Singapore dollars lower at 9967.27 compared to the previous selling price in the price of 10001.43.
Technically, Analyst Vibiz Resarch Center see USDSGD pair potentially bearish movement, and is based on the high price of the previous trading at 1.4146 and a low of 1.4015 the pair could potentially end up in the range of 1.4065
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