U.S. Dollar's Upward Momentum Vs. Singapore Dollar Building Swiftly, Chart Shows -- Market Talk

Dow Jones

02-03

0707 GMT - The U.S. dollar's upward momentum against Singapore dollar is building swiftly, based on daily charts, says Quek Ser Leang of UOB's Global Economics & Markets Research in a research report. The currency pair rose sharply last Friday before gapping higher at today's open, the markets strategist notes. To sustain the rapid build-up in momentum, USD/SGD must stay above 1.3520, the strategist says. As long as this level isn't broken, USD/SGD could rise above resistance in 1.3751-1.3763 area, Quek says, adding that the 1.3751 level marks last month's high and 1.3763 is the high in 2023. USD/SGD is 0.1% lower at 1.3653. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 03, 2025 02:07 ET (07:07 GMT)

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Singapore Dollar Building Swiftly, Chart Shows -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-03 15:07</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0707 GMT - The U.S. dollar's upward momentum against Singapore dollar is building swiftly, based on daily charts, says Quek Ser Leang of UOB's Global Economics &amp; Markets Research in a research report. The currency pair rose sharply last Friday before gapping higher at today's open, the markets strategist notes. To sustain the rapid build-up in momentum, USD/SGD must stay above 1.3520, the strategist says. As long as this level isn't broken, USD/SGD could rise above resistance in 1.3751-1.3763 area, Quek says, adding that the 1.3751 level marks last month's high and 1.3763 is the high in 2023. USD/SGD is 0.1% lower at 1.3653. 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The currency pair rose sharply last Friday before gapping higher at today's open, the markets strategist notes. To sustain the rapid build-up in momentum, USD/SGD must stay above 1.3520, the strategist says. As long as this level isn't broken, USD/SGD could rise above resistance in 1.3751-1.3763 area, Quek says, adding that the 1.3751 level marks last month's high and 1.3763 is the high in 2023. USD/SGD is 0.1% lower at 1.3653. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 03, 2025 02:07 ET (07:07 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}