CNHSGD CNH/SGD
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CNH/SGD News
Singapore's Unemployment Rate Edges Up to 2.1% in Q1
Singapore's unemployment rate rose to 2.1% in the first quarter of 2024 from 1.8% in the year-ago period, preliminary data from the Ministry of Manpower on Thursday showed.
Singapore Employment Rose in First Quarter
Singapore's employment rate in the first quarter rose but continued losing momentum.
State Administration of Foreign Exchange: in May, banks completed CNY 1.25 trillion in foreign exchange purchases, and CNY 1.36 trillion in foreign exchange sales.
On June 17, the State Administration of Foreign Exchange released the data for May 2024 on bank foreign exchange transactions and bank customers' foreign exchange payment and receipt.
The People's Bank of China has just released the latest figures! From January to May, new social financing amounted to 14.8 trillion yuan, a year-on-year increase of 7% for M2.
RMB loans increased by 11.14 trillion yuan in the first five months, while RMB deposits increased by 9 trillion yuan.
Singapore PMI Signals More Private-Sector Expansion -- Market Talk
Singapore's private-sector expansion accelerated midway into 2Q, the latest S&P PMI data signals.
SGD Strengthens Slightly Amid Risk-on Sentiment -- Market Talk
SGD strengthens slightly against the USD during the Asian session amid risk-on sentiment spurred by gains across regional equity markets after U.S. April core PCE price index released Friday was in line with market expectations.
National Bureau of Statistics: The official manufacturing PMI was 49.5% in May, and enterprise production continued to expand
The production and operation activities of enterprises have maintained the trend of resuming development
Singapore Manufacturing Still Poised for Fragile Recovery -- Market Talk
Singapore's manufacturing sector remains poised for a fragile recovery this year, despite another drop in output in April, DBS economist Chua Han Teng says.
Singapore Inflation Outlook Seems Balanced -- Market Talk
Singapore's inflation outlook seems balanced, OCBC's Selena Ling says in a note after headline and core CPI last month held steady in April.
Singapore's Inflation on Track to Cool This Year -- Market Talk
Singapore's steady core inflation in April after a bumpy 1Q backs DBS's view that inflation will continue to cool and average lower in 2024 than last year, economist Chua Han Teng says in a note.
Singapore's GDP Growth Has Room to Strengthen in 2H -- Market Talk
Singapore's economic growth looks set to strengthen in 2H, UOB's Global Economics & Markets Research team says in a note.
Singapore's Economy on Track as Inflation Steadies, Trade Improves -- Update
SINGAPORE--Singapore's economy looks on track for a strong year, with hopes underpinned by better-than-expected growth, steadying inflation and improving trade.
Singapore Core Inflation Rate Holds Steady at 3.1% in April
Singapore's core inflation rate was unchanged in April from the prior month, giving the central bank room to wait and watch amid risks to economic growth from geopolitical tensions and diverging global monetary policy paths.
Singapore Inflation Data to Be Watched for Signs of Sticky Pressure -- Market Talk
Singapore inflation data for April is in focus, as markets look to see if inflation is tracking toward the central bank's comfort zone.
Singapore's Economy Grew at Faster Pace in First Quarter
Singapore's economy grew at a faster pace in the first quarter of 2024, as growth in sectors such as construction, wholesale trade, and retail trade overcame contraction in the manufacturing sector.
Singapore's Consumer Price Growth Likely Steady in April, WSJ Poll Shows -- Market Talk
Singapore's consumer prices likely rose 2.7% on year in April, according to the median estimate of nine economists surveyed by The Wall Street Journal.
China's Consumer Prices Rise For Third Month in April
China's consumer prices edged up for a third straight month in April, exceeding market expectations, according to data from the National Bureau of Statistics released on Saturday. The Consumer Price I
Singapore Foreign Exchange Reserves Up in April
Singapore's foreign exchange reserves grew to SG$500.31 billion in April from a revised SG$497.58 billion in March, the largest recorded since April 2022, preliminary data from the Monetary Authority of Singapore on Tuesday showed.
Singapore Private-Sector Expansion Sustained in April: PMI Report
New business and output growth helped the city-state of Singapore's private sector expand in April for the 14th straight month, S&P Global reported Monday.
SGD Tipped to Strengthen Slightly Near Term -- Market Talk
Technical indicators signal a bullish outlook for the SGD in the near term, say analysts at BMI, a unit of Fitch Solutions.