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

Dow Jones

2025/02/03

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. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2025 02:07 ET (07:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B7SZL793.SGD","symbol_name":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508199405","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508199405","pubTimestamp":1738566420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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