U.S. Dollar's Upward Momentum Vs. Singapore Dollar Continues to Build, Chart Shows -- Market Talk

Dow Jones06-08

0549 GMT - The U.S. dollar's upward momentum against its Singapore counterpart continues to build, based on weekly chart, says Quek Ser Leang of UOB's Global Economics & Markets Research. The U.S. dollar-Singapore dollar pair surged above both the declining trendline and the 55-week exponential moving average during last Friday's New York session, the senior technical strategist notes. The currency pair "subsequently closed 1.11% higher at 1.2908, its highest weekly close this year," the strategist says. "A break above 1.2930 would increase the risk of a move toward 1.3000," the strategist adds. The U.S. dollar is 0.1% higher at 1.2903 Singapore dollars, LSEG data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 08, 2026 01:49 ET (05:49 GMT)

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The currency pair \"subsequently closed 1.11% higher at 1.2908, its highest weekly close this year,\" the strategist says. \"A break above 1.2930 would increase the risk of a move toward 1.3000,\" the strategist adds. The U.S. dollar is 0.1% higher at 1.2903 Singapore dollars, LSEG data show. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 08, 2026 01:49 ET (05:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B7SZL793.SGD","symbol_name":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2641105033","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2641105033","pubTimestamp":1780897740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0549 GMT - The U.S. dollar's upward momentum against its Singapore counterpart continues to build, based on weekly chart, says Quek Ser Leang of UOB's Global Economics & Markets Research. 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