During early Asian deals on Wednesday, the Singapore dollar climbed to a 2-day high against the US and Hong Kong dollars. The Singapore currency also showed strength against the euro and the British pound.
The Singapore dollar that closed Tuesday's North American session at 1.5065 against US currency hit a 2-day high of 1.5000 during Wednesday's early Asian deals. If the Singapore currency gains further, 1.498 is seen as the next target level. At 11:00 pm ET, the pair was trading at 1.5018.
During early Asian deals on Wednesday, the Singapore dollar edged higher against the European currency. At 8:10 pm ET, the local dollar reached a high of 1.9386 against the euro, compared to 1.9281 hit late New York Tuesday. The pair is currently trading at 1.9442 with 1.9281 seen as the next target level.
The Singapore dollar traded higher against its Hong Kong counterpart during early Asian deals on Wednesday. At 9:40 pm ET, the pair reached a 2-day high of 5.1633, moving up from a low of 5.1407 hit earlier today. If the pair gains further, 5.168 is seen as the next target level. The pair that closed Tuesday's North American session at 5.1440 is currently trading at 5.1613.
The Singapore dollar traded higher against the British pound during early Asian deals on Wednesday. At 8:30 pm ET, the Singapore currency climbed to 2.2132 against the pound compared to Tuesday's closing value of 2.2116. The pair is now worth 2.2190.
German wholesale price index, French manufacturing production Italian industrial production and Third quarter GDP are the major economic reports scheduled for the upcoming session.
Across the Atlantic, the Commerce Department is due to release its wholesale inventories report at 10 AM ET on Wednesday. Economists expect wholesale inventories at the end of October to show 0.2% growth.
The Energy Information Administration is due to release its weekly oil inventory report at 10:30 AM ET on Wednesday.
The Treasury Budget, a monthly account of the surplus or deficit of the federal government is scheduled to be released at 2 PM ET on Wednesday. Economists expect the budget for November to show a deficit of $193 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.