Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

Singapore’s FinMin Heng: SGD exchange rate has sufficient band to move as appropriate

In an interview with Bloomberg TV on Wednesday, Singapore’s Finance Minister Heng said that the Singapore dollar (SGD) exchange rate has sufficient band to move as appropriate.

China has taken decisive measures to deal with the virus outbreak, he added.

On Tuesday, Heng announced a 5.6 billion Singapore dollars ($4.02 billion) budget in the coming year to help businesses and households tide through the ongoing coronavirus outbreak.

He also announced a delay in the planned a raise in the goods and services tax.

FX Implications

The Singapore dollar saw a fresh buying wave on the above comments, knocking-off USD/SGD to a fresh daily low of 1.3912, where it now wavers.

The pair faces rejection near 1.3930 region for the fourth straight session on Wednesday, as the US dollar retreat from multi-month peaks across its main peers.

NZD/USD Price Analysis: All eyes on three-month-old horizontal support

NZD/USD consolidates losses to 0.6395, up 0.15%, during early Wednesday. The pair recently took a U-turn from a horizontal line stretched from Novembe
Read more Previous

S&P: Coronavirus will deliver a short-term blow to China’s Q1 economic growth

S&P global ratings is out with its assessment of the impact of the coronavirus outbreak on the Chinese economy. Key Quotes: Coronavirus will deliver a
Read more Next