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Singapore Dollar Ended Negatively against Bolstered Rise in GDP
The Singapore dollar witnessed a volatile session and ended lower against the US dollar on January 4, 2016. There was faster-than-expected growth in the economy.
Yuan Tumbles as China’s Central Bank Hikes Official Midpoint Rate
The Chinese yuan kept depreciating against the US dollar on December 9 as the PBC increased its midpoint reference rate relative to the US dollar by 0.15%.
Chinese Yuan Gets IMF Nod on Special Drawing Rights Inclusion
The Chinese yuan has been included in the elite SDR (special drawing rights) basket of currencies by the IMF. This underscores China’s economic and financial strength globally.
Singapore Dollar Fell after the Deflation Report
The Singapore dollar fell compared to the US dollar on November 23, 2015. Inflation reports showed deflationary pressures increasing in the economy.
Chinese Yuan Feels Pressure as Trade Numbers Disappoint
The Chinese yuan was trading on a weaker note compared to the US dollar on November 9. Disappointing trade data were released on November 8.
Chinese Yuan Rises Due to the Rate Cut by the PBOC
The Chinese yuan appreciated against the US dollar on October 23 after the People’s Bank of China cut interest rates by 25 basis points to 4.4%.
Singapore Dollar Gained on Positive Growth Figures
The Singapore dollar gained against the US dollar on October 14, 2015. The GDP (gross domestic product) grew ahead of the forecasts in the third quarter.