UOB strategists Quek Ser Leang and Lee Sue Ann see USD/SGD potentially easing to 1.2750 over one to three weeks if the pair stays below 1.2795, implying modest Singapore dollar strength. On Oct. 22, the pair traded between 1.2762 and 1.2785 and closed at 1.2774. MUFG said a roughly 16-basis-point drop in the US 10-year Treasury yield to below 5% weakened the dollar index by 0.2%, while Brent crude rose 4% to about $113 a barrel after attacks in Saudi Arabia. Singapore's headline consumer inflation was 2.2% year on year in September, with core inflation at 2.0%, and MUFG said headline inflation above 2.5% could reinforce expectations of a tightening bias at the MAS January 2027 policy meeting.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on econotimes.com ↗
Keywords
exchange ratesoil pricesinflationbonds
Open a keyword to see other news on the same topic.
Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 101.74 |
| Change that session | +0.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- G - sec yields may rise further as RBI absorbs liquidity , global pressures persist : UBI
A report by Union Bank of India (UBI) says Indian government bond yields may face further upward pressure as the RBI keeps absorbing liquidity through OMO sales, FX swaps and reserve accumulation, amid expectations of more rate hikes and elevated global yields. As of October 14, the 10-year G-sec yield stood at 7.40%, up about 20 basis points from end-September, while the 30-year yield rose to 7.82% from 7.67%. Crude oil above USD 100 per barrel, high US Treasury yields and dollar strength continue to add to inflation and external-sector pressures. The rupee strengthened to around 95.04 per US dollar after the RBI's foreign exchange measures, but UBI said bond-market concerns remain.
- South African rand gains slightly as traders await budget speech , inflation data
The South African rand edged up roughly 0.2% in early Monday trade to 16.4475, as investors looked ahead to a busy week of economic data. The focus is on Finance Minister Enoch Godongwana's medium-term budget policy statement on Wednesday and September inflation figures. Nedbank expects headline inflation to rise to 4.8% in September from 4.4% in August, and retail sales growth to slow to 2.5% in August from 3.4% in July, with higher transport costs from fuel prices and rand depreciation as the main pressure. The 2035 benchmark government bond was little changed, with its yield rising half a basis point to 8.7%.
- Sensex sinks 876 points, Nifty falls 1.11% as crude oil nears USD 109
Indian stock markets closed sharply lower on Monday as weakness in private banks, disappointing corporate earnings and rising crude prices hit investor sentiment. The Nifty 50 fell 257.20 points (1.11%) to 22,888.95, and the BSE Sensex lost 876.37 points (1.17%) to 73,852.90. Almost all NSE sector indices closed in the red; only the Nifty PSU Bank index rose, gaining 2.41%, while Axis Bank fell more than 4% and SBI and Adani Ports were among the top gainers. PL Capital's Vikram Kasat said markets could stay volatile, with investors watching earnings, oil prices and currency stability. Brent crude traded at USD 108.50 a barrel, raising concerns over imported inflation, and Brickwork Ratings' Rajeev Sharan noted the rupee's seventh straight session of gains even as RBI reserves have fallen nearly USD 60 billion since early September.
- Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109
India's Nifty 50 closed at 22,888.95, down 257.20 points or 1.11%, and the BSE Sensex fell 876.37 points or 1.17% to 73,852.90 on Monday as weakness in private banks, disappointing corporate earnings and rising crude prices weighed on sentiment. Axis Bank fell more than 4%, and almost all NSE sectoral indices closed lower, with only the Nifty PSU Bank index rising 2.41%. Brent crude traded at USD 108.50 a barrel, raising concerns about imported inflation and corporate costs. The rupee firmed for a seventh straight session to near 94.95 per dollar, but RBI reserves fell by USD 8.6 billion to USD 726 billion in the week ended October 9, a drawdown of nearly USD 60 billion since early September. Asian markets were mixed, with Japan's Nikkei down 0.64% and South Korea's KOSPI up 1.73%.
- Investors are starting to find opportunities in the battered bond market
Investors are turning back to Treasurys even after another bond sell-off on Friday, as the 10-year note hovered near 5% amid surging oil prices and inflation expectations well above the Fed's 2% goal. Bank of America's Michael Hartnett said adding bonds would be a 'secular contrarian' trade, citing $5.4 billion in Treasury inflows over the past week within $12.1 billion overall into bonds, and $1.14 billion into the $47.3 billion iShares 20+ Year Treasury Bond ETF over the past month. The 10-year yield fell 19 basis points (0.19 percentage point) on Thursday, which DataTrek's Nicholas Colas called a 3 standard deviation move. Colas said the market sees slowing AI-related debt issuance, which would leave Treasurys facing less competition for capital. He added that stocks and bonds have recently moved in the same direction, though he expects their usual negative correlation to return.
- Gold Is Sliding Back Toward $4,000 as the Haven Trade Breaks
Gold fell even as stocks sold off and Treasuries rallied, breaking the usual pattern of bullion rising during panic. On October 22, 2026, spot gold dropped 2.4% to $4,041.39 an ounce, its lowest since August 3, and was near $4,021.20 late in U.S. trading. Brent rose 4% to $113.17 after Houthi attacks in Saudi Arabia, reviving inflation fears and pushing the market's odds of a December Fed hike to about 86%. The 10-year Treasury yield fell 19.3 basis points to 4.953% as bonds took over the haven role, while Goldman Sachs expects one more 25 basis point hike in December. Newmont beat estimates with adjusted EPS of $2.20, but its shares still fell 2.62%, and the article says the October 28 FOMC decision and the June low near $3,965 will be the next tests for gold.
Related markets
Latest news
- TST, Phong Liệu Wind Power... Receive Penalties from State Securities Commission
The State Securities Commission's inspectorate fined Education Infrastructure Group JSC a total of 230 million VND under Decision 628/QĐ-XPHC dated Oct. 21, 2026, for late periodic disclosures and late registration and trading registration of private corporate bonds EIGCH2227001 and EIGCH2227002, with delays of 12 months or more. Under Decision 632/QĐ-XPHC of the same date, Telecommunications Technical Services JSC (TST, UPCoM) was fined 60 million VND for incomplete disclosure, including failing to report a 5.9 billion VND loan from board member and CEO Lê Minh Hải in its 2025 corporate governance report. TST was also fined 85 million VND for disclosures made less than 15 days late and 6.25 million VND for another violation that the article cuts off.
- Argentinian judge drops fraud investigation into Milei over crypto scandal
Federal judge Marcelo Martinez de Giorgi has dropped the criminal investigation into President Javier Milei and his sister Karina Milei over the collapse of the $Libra token, which Milei promoted on X in February 2025. The judge ruled that the reported events “do not constitute a criminal offence” and that investor losses and price swings were insufficient to establish fraud. A probe into US businessman Hayden Davis, who described himself as a “launch adviser” for the token, was also dismissed; Davis acknowledged holding close to 100 million U.S. dollars after the crash but denies any wrongdoing. Milei said he had acted “in good faith” and accused political rivals of trying to exploit the situation.
- EUR/USD Slips as Reports Link Euro Weakness to France Fiscal and Political Risks
EUR/USD fell on Friday as reports tied the euro's weakness to fiscal and political strains in France. FXStreet's snapshot at 18:01 UTC on Oct. 23 showed the pair at 1.1190, down 0.22% on the day. France's general government debt reached €3,595.5 billion at the end of Q2 2026, or 119.0% of GDP, up from 117.5% in Q1, according to the National Institute of Statistics and Economic Studies. Reuters said investors are demanding a risk premium on French debt not seen since the 2011 eurozone sovereign-debt crisis, while Moody's maintained France's rating and negative outlook. Commerzbank expects the Fed and ECB to hold rates this month, with 25-basis-point increases in December if tensions in French bond markets do not intensify, a forecast rather than a policy commitment.
- U.S. consumer sentiment falls, inflation expectations fly high
The University of Michigan's Index of Consumer Sentiment fell to 48 in October 2026, down 0.2% from September, 10.4% below a year earlier, and 15% lower than in February, just before the Iran conflict. The Current Economic Conditions Index dropped to 46.7 from 50.9, with buying conditions for durables plunging 18% amid higher interest rates and affordability concerns. About 69% of consumers expect interest rates to rise over the next year, the highest since April 2023. Year-ahead inflation expectations edged up to 4.7% from 4.6%, while long-run expectations rose to 3.5% from 3.4%, both at their highest since May.
- Advanced Micro Devices (NASDAQ: AMD) Price Target Raised to $620.00
Susquehanna raised its price target on Advanced Micro Devices (AMD) from $550 to $620 and kept a positive rating on the stock. Goldman Sachs earlier lifted its target to $640, while Bernstein and Jefferies each set $650 targets. According to MarketBeat, analysts' ratings include three Strong Buy, 31 Buy, eight Hold and one Sell, with an average price target of $606.76. Shares opened at $516.79, within a 52-week range of $188.22 to $658.52, and the market capitalization is $843.65 billion. In the latest quarter, AMD reported EPS of $1.66, above the $1.62 consensus, and revenue of $11.54 billion, up 50.1% year over year; over the last quarter insiders sold 231,100 shares worth $114,867,400.
- Trump revives threat of US intervention in Cuba at Florida rally
Speaking at a South Florida rally, Trump said a U.S. ship returning from the Iran war could stop about 50 yards off Cuba's coast, and that Secretary of State Marco Rubio could “finish up the deal.” After the rally, Rubio urged Cubans seeking change to pursue it through a “discrete partnership with the CIA.” Trump has said he expects the countries to reach a deal and that military action may not be necessary, while Rubio has voiced doubts about a diplomatic agreement. U.S. officials held talks with Cuban officials in recent months, but Washington has since imposed additional sanctions on the Cuban government. Cuba has faced an economic and energy crisis since 2020, with blackouts, food shortages and inflation, and hundreds of thousands of Cubans have migrated, many to the United States.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.