The Monetary Authority of Singapore has relaxed MMF policy for the first time since 2020.

On January 24, Gelonghui reported that as price pressures showed signs of easing, the Monetary Authority of Singapore relaxed its monetary policy for the first time since 2020. The Monetary Authority of Singapore uses Exchange Rates rather than interest rates as its main policy tool. According to a statement released on Friday, the authority will 'slightly reduce' the slope of its policy Range, while the width and central level of the policy Range will remain unchanged. Following the announcement of this decision, the Singapore dollar weakened against the US dollar. The Monetary Authority of Singapore stated in its announcement, 'The pace of decline in core inflation is faster than expected, and it will remain below 2% this year, reflecting that the fundamental price pressures in the economy have returned to low levels and remain stable.'

Gelonghui FinanceJan 24 09:00

Canadian Retail Sales Look to Have Jumped in December -- Market Talk

WSJJan 23 22:41

CIBC Comments on Retail Sales Data in Canada

MT NewswiresJan 23 21:50

The expectation of interest rate cuts by the Bank of Canada suppresses the Canadian Dollar, and investors are paying attention to the divergence in monetary policy.

The Canadian dollar is weakening against the U.S. dollar, as investors expect the Bank of Canada to further lower the benchmark interest rate below the Federal Reserve's key rate at next week's monetary policy meeting.

Zhitong FinanceJan 23 06:00

Outlook for Dollar Bullish Near Term, Bearish for Canadian Currency -- Market Talk

WSJJan 23 03:31

Canadian Customers Seen Bearing Burden of Tariffs -- Market Talk

WSJJan 23 03:28