Written by Bloomberg
Wednesday, 18 August 2010 12:08
Singapore’s three-month interbank loan rate for U.S. dollars fell for a 22nd day, the longest stretch of declines since November 2008.
Sibor, which banks charge each other to borrow in U.S. dollars, fell 1.8 basis points to 0.358%, the biggest decline in three months, when the rate was fixed at 11 a.m. local time. The rate is the lowest since May 5.
Showing posts with label Singapore Dollar. Show all posts
Showing posts with label Singapore Dollar. Show all posts
Wednesday, August 18, 2010
Tuesday, August 17, 2010
Singapore dollar may drop 2.7% versus baht: technical analysis
Written by Bloomberg
Tuesday, 17 August 2010 14:58
Singapore’s dollar may weaken 2.7% against the Thai baht over the next month after a short- term moving average on a technical chart crossed a longer-term line, according to Tokyo-based Okasan Securities Co.
Singapore’s currency may fall to 23.1798 versus the baht in a week, 23.0134 in two to three weeks and 22.7445 in a month, Tsutomu Soma, a bond and foreign-exchange dealer at Okasan, said in an interview. He cited 10- and 20-day averages and a series of numbers known as the Fibonacci sequence for his forecast.
Tuesday, 17 August 2010 14:58
Singapore’s dollar may weaken 2.7% against the Thai baht over the next month after a short- term moving average on a technical chart crossed a longer-term line, according to Tokyo-based Okasan Securities Co.
Singapore’s currency may fall to 23.1798 versus the baht in a week, 23.0134 in two to three weeks and 22.7445 in a month, Tsutomu Soma, a bond and foreign-exchange dealer at Okasan, said in an interview. He cited 10- and 20-day averages and a series of numbers known as the Fibonacci sequence for his forecast.
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