Money Matters
Money Matters
Viewing entries tagged with 'SGD'
Another confirming factor for USD weakness
We are seeing USD weakness prevalent everywhere right now. Gold and Silver moving strongly higher, EUR at 4 month highs, NZD and AUD pushing at the top of 1 month consolidations. In Asia earlier today we saw SGD (Singapore Dollar) gap higher and now this news on China
SYDNEY, Feb 29 (IFR) – The PBOC has set USD/CNY today at 6.2919, the lowest level (or highest yuan value) since the 2005 revaluation
This feels to me like the 2010 when I often noted “if it’s not one thing making new highs against the USD then it’s another”.




