Category forex

MAS Stance Supports Singapore Dollar

MAS to keep policy unchanged with tightening bias The Monetary Authority of Singapore is expected to maintain its policy settings at the July meeting. A tightening bias will be retained due to strong Singapore growth and a positive output gap. This stance i

Pound Fails to Gain Against USD

Strong UK data fails to lift GBP The British Pound is slightly higher versus the US Dollar but lagging most G10 peers. The UK retail sales and Purchasing Managers' Index surprises have been strong, with a manufacturing PMI of 52.8 and a services PMI of 51.8. Rate