EUR/USD at Minimum Since May 2009 on Portuguese Rating Cut

The Forex isn’t reacting on the macroeconomic indicators today as the markets are shaken by the cut of the Portuguese credit rating by Fitch agency. EUR/USD managed to reach it’s minimum level since early May 2009 as the Eurozone’s problems spur investors in moving funds into dollar-backed assets. The currency pair is now trading near 1.3318.

Durable goods orders went up by 0.5% in February, following 3.9% growth a month earlier (revised positively from 3.0%). But that was lower than the expected 0.6% increase.

New home sales decreased to 308k seasonally adjusted annual rate in February — down from 315k reported for January. The traders expected this indicator to come out unchanged today.

Crude oil inventories increased by 7.3 million barrels last week, while the total motor gasoline inventories decreased by 2.7 million barrels, confirming both bullish tendency in oil inventories and a bearish one in gasoline inventories.

Banks In Singapore Island

We review the local banks in Singapore, island in the middle of South East Asia. This review takes the form of a list of banks in Singapore island. Here are the banks in Singapore island, in alphabetical order.

There are many other international banks in Singapore island. Today, this listing only shows the local banks in Singapore island. We shall present another list of Singapore island banks for your information at a later date. For now, we focus on the list of Singapore island banks.

Banks In Singapore Island:

BANK OF SINGAPORE LIMITED

DBS BANK LTD

FAR EASTERN BANK LTD

ISLAMIC BANK OF ASIA LIMITED, THE

OVERSEA-CHINESE BANKING CORPN LTD

SINGAPORE ISLAND BANK LIMITED

UNITED OVERSEAS BANK LTD


source: Monetary Authority of Singapore.