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Singapore GDP Growth Rate QoQ
Singapore achieved independence in 1963, since then the economy has experienced fast expansion, resulting in the country having one of the world's highest GDP per capita today. The economy is primarily reliant on international trade, which includes both port activity and the export of electronic components and refined oil. The country is a leading beneficiary of foreign direct investment due to its standing as one of the world's most free, most competitive, and most business-friendly economies and is also a significant financial hub.
A higher than expected figure should be seen as positive (bullish) for the SGD while a lower than expected figure should be seen as negative (bearish) for the SGD.
Forex Sentiment (SGD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDSGD |
|
|
1.3211 +57 pips |
1.3300 -146 pips |
1.31542 | |
| SGDJPY |
|
|
111.5600 +265 pips |
108.7910 +12 pips |
108.910 | |
| AUDSGD |
|
|
0.9289 +914 pips |
0.8832 -457 pips |
0.83749 | |
| CHFSGD |
|
|
1.5435 -694 pips |
1.6097 +32 pips |
1.61291 | |
| EURSGD |
|
|
1.4356 -587 pips |
1.4994 -51 pips |
1.49426 | |
| GBPSGD |
|
|
1.7306 -93 pips |
1.7700 -301 pips |
1.73994 |
News (SGD)
Singapore Central Bank Softens Monetary Policy
Singapore's central bank eased its monetary policy for the second time as inflation remained low, while downside risks to growth outlook increased due to the lack of clarity over policies of the US administration and trade frictions. The Monetary Authority of Singapore said it will continue with the policy of a modest and gradual appreciation of the S$NEER policy band.
RTTNews | 1 day ago
Singapore GDP Climbs 5.0% On Year In Q4
Singapore's gross domestic product expanded 5.0 percent on year in the fourth quarter of 2024, the Ministry of Trade and Industry said on Friday - slowing from 5.7 percent in the third quarter.
RTTNews | 60 days ago
Singapore Private Sector Slips Into Contraction - S&P Global
The private sector in Singapore fell into contraction territory in January, the latest survey from S&P Global revealed on Wednesday with a PMI score of 49.9.
RTTNews | 69 days ago
