Monday, 13 July 2020

US Dollar, USD/SGD Gain. Singapore Enters Recession on Record GDP Drop

The USD/SGD rose as Singapore’s economy entered a technical recession after the worst contraction in GDP on record. What’s next for the Singapore Dollar and the Straits Times Index?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...