{"id":18582,"date":"2023-10-20T07:28:58","date_gmt":"2023-10-20T07:28:58","guid":{"rendered":"https:\/\/www.worldfirst.com\/sg\/?page_id=18582"},"modified":"2023-11-23T15:24:25","modified_gmt":"2023-11-23T15:24:25","slug":"fx-update-august-2023","status":"publish","type":"page","link":"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/","title":{"rendered":"fx update August 2023"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"18582\" class=\"elementor elementor-18582\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4231c68 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"4231c68\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c1d4fb heading-title\" data-id=\"3c1d4fb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c44f097 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c44f097\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-35f7839\" data-id=\"35f7839\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0fd5cbf brands-partners elementor-widget-tablet__width-initial elementor-widget elementor-widget-heading\" data-id=\"0fd5cbf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">News, insights and analysis from the global FX markets<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d67e31d partners-description elementor-widget-tablet__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"d67e31d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\tThis is your monthly FX market round-up with the latest news, insights and analysis.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9723fc9 elementor-widget elementor-widget-image\" data-id=\"9723fc9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1536\" height=\"425\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/11\/asset_fx_update.png\" class=\"attachment-full size-full wp-image-27080\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/11\/asset_fx_update.png 1536w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/11\/asset_fx_update-300x83.png 300w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/11\/asset_fx_update-1024x283.png 1024w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/11\/asset_fx_update-768x213.png 768w\" sizes=\"(max-width: 1536px) 100vw, 1536px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f462974 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f462974\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-406e22e\" data-id=\"406e22e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b336ea0 elementor-widget elementor-widget-heading\" data-id=\"b336ea0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">GBP<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b4b6708 elementor-widget elementor-widget-text-editor\" data-id=\"b4b6708\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>August saw the pound continue to cool, after topping the charts above the 1.31 mark against the US dollar back in July. Sterling continued to meander lower against the dollar, which dropped as much as 2.3% throughout August. Interest rates were once again nudged higher by the Bank of England at the start of August, taking the headline rate to 5.25% &#8211; making the 0.1% rate of December 2021 nothing but a distant memory.<\/p><p>The Bank is continuing to increase the base rate for the United Kingdom, following stubborn inflation readings throughout the course of the last few years. Food and natural resource prices remain the main sticking point for the UK, but employment figures being higher than anticipated created a fierce job market and increased salary offerings \u2013 and in turn spending power \u2013 to prospective employees. The September inflation and employment releases will be closely monitored by the market before the next Bank of England meeting in the third quarter of the month.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3b7efb0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3b7efb0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ba9a471\" data-id=\"ba9a471\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ba7db47 elementor-widget elementor-widget-heading\" data-id=\"ba7db47\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">USD<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a5deed elementor-widget elementor-widget-text-editor\" data-id=\"6a5deed\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Despite mixed signals on the likelihood of further rate hikes in the second half of 2023, the USD had one of its strongest-performing months in August, with the DXY appreciating more than 1.6%.<\/p><p>Even though there\u2019s no longer clear consensus in the market on whether to expect another dollar rate hike in 2023, what seemed clearer was that the probability of the FOMC lowering rates any time soon has definitely dropped, which has been supporting the USD.<\/p><p>In the latest FOMC meeting minutes, the Fed mentioned that there\u2019s still \u201csignificant upside risks to inflation, which could require further tightening of monetary policy.&#8221;<\/p><p>The still somewhat hawkish stance of the Fed, despite already much lower inflation, is likely to support the USD through the rest of the year.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bddec88 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bddec88\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dfe3a32\" data-id=\"dfe3a32\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d9721f7 elementor-widget elementor-widget-heading\" data-id=\"d9721f7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">EUR<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-834abd0 elementor-widget elementor-widget-text-editor\" data-id=\"834abd0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div id=\"eur\" class=\"x-row x-container max width e8639-e18 m6nz-6 m6nz-8 m6nz-b m6nz-c m6nz-g m6nz-k\"><div class=\"x-row-inner\"><div class=\"x-col e8639-e19 m6nz-x m6nz-y m6nz-10 m6nz-12 m6nz-13 m6nz-14\"><div class=\"x-text x-content e8639-e21 m6nz-1a m6nz-1b m6nz-1h m6nz-1i m6nz-1n m6nz-1o m6nz-1p\"><p>August&#8217;s Eurozone PMI data has increased pressure on the ECB to reconsider its rate hike plans, given weakening economic indicators and stubbornly high core inflation.<\/p><p>The ECB faces a delicate situation as they monitor these developments closely. They\u2019ll evaluate inflation risks in upcoming meetings, possibly considering further interest rate increases if necessary. Conversely, they might opt to delay such moves if disinflation progresses as expected.<\/p><p>Notably, ECB&#8217;s July meeting minutes indicated an initial preference for maintaining interest rates, but a 0.25% hike was eventually decided. Eurozone CPI has been<\/p><p>persistently around 5%, potentially forcing a rate hike in September.<\/p><p>Recent data showed Eurozone inflation at 5.3% in August, slightly lower than July. While the ECB&#8217;s restrictive policy is impacting inflation, achieving the 2% target remains uncertain, leading to differing market opinions.<\/p><p>Concerns are growing as Europe experiences weakening growth, raising recession fears alongside high inflation. Central bank meetings in Europe and the USA will be closely watched for insights into future monetary policy decisions.<\/p><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-863121e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"863121e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6b997a3\" data-id=\"6b997a3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e30dc01 elementor-widget elementor-widget-heading\" data-id=\"e30dc01\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">AUD<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-689e51c elementor-widget elementor-widget-text-editor\" data-id=\"689e51c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In August, we saw the Australian dollar (AUD) depreciate the most against the Greenback and the pound sterling, whereas it gained more than 1.2% against the yen.<\/p><p>Being a proxy for China\u2019s economic prospects, the AUD is facing the wrath of weak demand in China due to a higher jobless rate and significant deflation risks. Moreover, negative news regarding China\u2019s property developers, Evergrande and Country Garden, defaulting on payments didn\u2019t help the Australian dollar.<\/p><p>In response to prevailing market conditions, the Reserve Bank of Australia (RBA) decided to maintain its official cash rate at 4.10%. Despite keeping the possibility of future rate hikes open, the RBA presented a more pessimistic economic outlook. Additionally, local employment data came in below expectations, with a loss of 14,600 jobs instead of the anticipated 15,000 increase. Moreover, the unemployment rate edged higher to 3.7%.<\/p><p>The July monthly inflation figure came at 4.9%, lower than June&#8217;s 5.4%, which is welcomed by the RBA and practically solidifies the expectation of no rate hikes in the September meeting.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-105b0ee elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"105b0ee\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8265c93\" data-id=\"8265c93\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-78cfa9d elementor-widget elementor-widget-heading\" data-id=\"78cfa9d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">NZD<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04bfb1f elementor-widget elementor-widget-text-editor\" data-id=\"04bfb1f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The New Zealand Dollar (NZD) was the worst-performing currency among the G10, with the NZDUSD pair the biggest loser. The pair dropped from highs of 0.6110 to 0.5890 in August. Risk aversion, China\u2019s economic woes and downbeat domestic data weighed heavily on the NZD.<\/p><p>As was widely anticipated, the RBNZ decided to maintain the official cash rate steady at 5.50%. In the monetary policy statement, the central bank indicated that interest rates will remain at a restrictive level for some time. Furthermore, the central bank now forecasts the cash rate at 5.5% through December 2024 and then to fall to 3.38% by September 2026, which lends some support to the NZD.<\/p><p>Additionally, the NZ unemployment rate for Q2 rose to 3.6% (vs 3.5% expected), with the nation\u2019s trade balance recording a deficit of $15.81B in July YoY.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0c4cc79 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0c4cc79\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e35f205\" data-id=\"e35f205\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fa2d3e2 elementor-widget elementor-widget-heading\" data-id=\"fa2d3e2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">CNH<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a54790 elementor-widget elementor-widget-text-editor\" data-id=\"9a54790\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div id=\"cnh\" class=\"x-row x-container max width e8639-e30 m6nz-6 m6nz-8 m6nz-b m6nz-c m6nz-g m6nz-n\"><div class=\"x-row-inner\"><div class=\"x-col e8639-e31 m6nz-x m6nz-y m6nz-10 m6nz-12 m6nz-13 m6nz-14\"><div class=\"x-text x-content e8639-e33 m6nz-1a m6nz-1b m6nz-1h m6nz-1i m6nz-1n m6nz-1o m6nz-1p\"><p>The PBOC, on the other hand, surprised the market by lowering borrowing rates for the Chinese yuan in the third week of August. This sent USDCNH rates much higher, treading dangerously close to its yearly high of just under 7.35 last seen in Nov 2022. At the same time, the PBOC once again stressed the importance of a \u201cstable yuan\u201d to the recovery of the Chinese economy.<\/p><p>In the last week of August, the PBOC also took words to action by lowering the domestic foreign currency deposit reserve ratio. This action effectively releases more foreign currency liquidity into the Chinese domestic market, which is an act to support the yuan. It was a surprise to the market, which instantly sent the USDCNY more than 300 points down to around 7.24.<\/p><p>Once again, the PBOC has proved that they still have ample tools in their exchange rate toolbox to tackle any unwanted exchange rate volatility in the yuan.<\/p><p>These comments and policy actions were taken by the market as solid support for the Chinese yuan and there\u2019s now stronger consensus in the market that the ceiling of 7.35 is unlikely to be broken any time soon.<\/p><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fb0cf03 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fb0cf03\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aa25b45\" data-id=\"aa25b45\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ceed03 elementor-widget elementor-widget-heading\" data-id=\"4ceed03\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">JPY<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0180c3c elementor-widget elementor-widget-text-editor\" data-id=\"0180c3c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As August comes to a close, the JPY is once again facing downward pressure, continuing a trend observed since February where the currency weakens against major currencies towards the end of each month. This pattern is driven by movements in Japanese equities and bond markets, prompting asset managers to readjust their portfolios to adhere to allocation rules by month-end. This portfolio rebalancing, combined with hedging activities, contributes to the selling of the yen. Expect the trend of end-of-month yen selling to continue, as high hedging costs and the Bank of Japan&#8217;s ongoing monetary easing policy contrast with potential US interest rate hikes. The recent decline has brought the yen close to 150, a level that might lead Japanese officials to intervene in order to slow down the currency&#8217;s drop.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-afc8a25 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"afc8a25\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b3167d3\" data-id=\"b3167d3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6686bef elementor-widget elementor-widget-heading\" data-id=\"6686bef\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">THB<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a9e0b1 elementor-widget elementor-widget-text-editor\" data-id=\"5a9e0b1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Thailand appointed a new prime minister this month and international investment is expected to resume, which will positively impact the stock market and the value of the baht. The delay in political decisions had led to the withdrawal of investments. Prior to the parliamentary vote confirming the new prime minister&#8217;s success, the THB rallied. However, the baht&#8217;s value decreased 0.2% against the dollar the following day. RBC Capital Markets predicts that the baht might face challenges due to China&#8217;s economic slowdown, with a noted impact on tourism, potentially affecting the baht&#8217;s performance.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0241ab5 elementor-widget elementor-widget-image\" data-id=\"0241ab5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1376\" height=\"707\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/10\/Sep-Graph_final-1.png\" class=\"attachment-full size-full wp-image-18632\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/10\/Sep-Graph_final-1.png 1376w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/10\/Sep-Graph_final-1-300x154.png 300w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/10\/Sep-Graph_final-1-1024x526.png 1024w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/10\/Sep-Graph_final-1-768x395.png 768w\" sizes=\"(max-width: 1376px) 100vw, 1376px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-858c889 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"858c889\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3e3d5a5\" data-id=\"3e3d5a5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-32181d1 elementor-widget elementor-widget-image\" data-id=\"32181d1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"659\" height=\"390\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/11\/asset_10_sg_cross_border_payments.png\" class=\"attachment-1536x1536 size-1536x1536 wp-image-27098\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/11\/asset_10_sg_cross_border_payments.png 659w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/11\/asset_10_sg_cross_border_payments-300x178.png 300w\" sizes=\"(max-width: 659px) 100vw, 659px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-8f58c50\" data-id=\"8f58c50\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-49faade elementor-widget elementor-widget-heading\" data-id=\"49faade\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Expand your business<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c1a09a0 elementor-widget elementor-widget-text-editor\" data-id=\"c1a09a0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>With a World Account, global payments are as easy to receive as local ones. Accounts are quick \u2013\u00a0and free \u2013 to set up, with no hidden fees.<\/p><p>You can manage risk with robust hedging solutions and make simple one-off or scheduled payments to individuals \u2013 or send funds to up to 200 partners in a single transaction.<\/p><p>We\u2019ve made it easy to connect to more than 100 global marketplaces and pay in multiple currencies like a local, so you can start expanding your international trading.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff63a4e elementor-align-left elementor-widget elementor-widget-button\" data-id=\"ff63a4e\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/portal.worldfirst.com\/register?region=SG\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open an account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fd44366 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fd44366\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d86e302\" data-id=\"d86e302\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-01b2fc4 elementor-widget elementor-widget-heading\" data-id=\"01b2fc4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Previous fx updates<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c5b1a83 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c5b1a83\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4ff0f31\" data-id=\"4ff0f31\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cecc4a8 elementor-align-left elementor-widget__width-auto elementor-widget elementor-widget-button\" data-id=\"cecc4a8\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/sg\/fx-update-july-2023\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">July 2023<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7585db1 elementor-align-left elementor-widget__width-auto elementor-widget elementor-widget-button\" data-id=\"7585db1\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/sg\/fx-update-june-2023\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">June 2023<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-615d0aa elementor-align-left elementor-widget__width-auto elementor-widget elementor-widget-button\" data-id=\"615d0aa\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/sg\/fx-update-may-2023\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">May 2023<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3b765b7 elementor-section-content-bottom elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3b765b7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f324168\" data-id=\"f324168\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9ed840a elementor-widget elementor-widget-text-editor\" data-id=\"9ed840a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><em>Disclaimer: All data presented is provided by Bloomberg and other publicly available sources, WorldFirst does not produce independent financial market research or currency forecasts, and has not verified the accuracy of the contents. The information presented does not constitute advice or financial recommendation, and WorldFirst shall not be responsible for any losses or damages arising from your reliance of such information.<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f27097f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f27097f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d533aea\" data-id=\"d533aea\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d88649f elementor-widget elementor-widget-template\" data-id=\"d88649f\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<section data-elementor-type=\"section\" data-elementor-id=\"26351\" class=\"elementor elementor-26351\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3c6b9fe elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3c6b9fe\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-71152a1d\" data-id=\"71152a1d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a0d1c52 elementor-widget elementor-widget-heading\" data-id=\"7a0d1c52\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Businesses Trust WorldFirst<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28b51689 elementor-widget__width-initial elementor-widget-mobile__width-initial elementor-align-center wf-body01-font elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"28b51689\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/www.worldfirst.com\/app3\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\">\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Almost 1,000,000 businesses have sent $300B around the world with WorldFirst and its partner brands since 2004<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Your money is safeguarded with leading financial institutions<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43317879 elementor-widget elementor-widget-image\" data-id=\"43317879\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"650\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/10\/Graphic_03_A-million-reasons-to-trust-WorldFirst.png\" class=\"attachment-full size-full wp-image-23251\" alt=\"\" srcset=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/10\/Graphic_03_A-million-reasons-to-trust-WorldFirst.png 1920w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/10\/Graphic_03_A-million-reasons-to-trust-WorldFirst-300x102.png 300w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/10\/Graphic_03_A-million-reasons-to-trust-WorldFirst-1024x347.png 1024w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/10\/Graphic_03_A-million-reasons-to-trust-WorldFirst-768x260.png 768w, https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/10\/Graphic_03_A-million-reasons-to-trust-WorldFirst-1536x520.png 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>News, insights and analysis from the global FX markets This is your monthly FX market round-up with the latest news, insights and analysis. GBP August saw the pound continue to cool, after topping the charts above the 1.31 mark against the US dollar back in July. Sterling continued to meander lower against the dollar, which [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>August 2023 FX market update | Foreign exchange news | WorldFirst SG<\/title>\n<meta name=\"description\" content=\"Our monthly FX market update keeps you updated on the latest market movements for the major currencies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"fx update August 2023\" \/>\n<meta property=\"og:description\" content=\"Our monthly FX market update keeps you updated on the latest market movements for the major currencies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"WorldFirst SG\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-23T15:24:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/int4-ec1-marketing-cms-oss.oss-eu-central-1.aliyuncs.com\/sites\/9\/2023\/11\/asset_fx_update.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/\",\"url\":\"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/\",\"name\":\"August 2023 FX market update | Foreign exchange news | WorldFirst SG\",\"isPartOf\":{\"@id\":\"https:\/\/www.worldfirst.com\/sg\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/int4-ec1-marketing-cms-oss.oss-eu-central-1.aliyuncs.com\/sites\/9\/2023\/11\/asset_fx_update.png\",\"datePublished\":\"2023-10-20T07:28:58+00:00\",\"dateModified\":\"2023-11-23T15:24:25+00:00\",\"description\":\"Our monthly FX market update keeps you updated on the latest market movements for the major currencies.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/#primaryimage\",\"url\":\"https:\/\/int4-ec1-marketing-cms-oss.oss-eu-central-1.aliyuncs.com\/sites\/9\/2023\/11\/asset_fx_update.png\",\"contentUrl\":\"https:\/\/int4-ec1-marketing-cms-oss.oss-eu-central-1.aliyuncs.com\/sites\/9\/2023\/11\/asset_fx_update.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.worldfirst.com\/sg\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"fx update August 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.worldfirst.com\/sg\/#website\",\"url\":\"https:\/\/www.worldfirst.com\/sg\/\",\"name\":\"WorldFirst SG\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.worldfirst.com\/sg\/#organization\"},\"alternateName\":\"WorldFirst\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.worldfirst.com\/sg\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.worldfirst.com\/sg\/#organization\",\"name\":\"WorldFirst SG\",\"url\":\"https:\/\/www.worldfirst.com\/sg\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.worldfirst.com\/sg\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/07\/20250123032021991.png\",\"contentUrl\":\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/07\/20250123032021991.png\",\"width\":238,\"height\":34,\"caption\":\"WorldFirst SG\"},\"image\":{\"@id\":\"https:\/\/www.worldfirst.com\/sg\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"August 2023 FX market update | Foreign exchange news | WorldFirst SG","description":"Our monthly FX market update keeps you updated on the latest market movements for the major currencies.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/","og_locale":"en_US","og_type":"article","og_title":"fx update August 2023","og_description":"Our monthly FX market update keeps you updated on the latest market movements for the major currencies.","og_url":"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/","og_site_name":"WorldFirst SG","article_modified_time":"2023-11-23T15:24:25+00:00","og_image":[{"url":"https:\/\/int4-ec1-marketing-cms-oss.oss-eu-central-1.aliyuncs.com\/sites\/9\/2023\/11\/asset_fx_update.png","type":"","width":"","height":""}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/","url":"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/","name":"August 2023 FX market update | Foreign exchange news | WorldFirst SG","isPartOf":{"@id":"https:\/\/www.worldfirst.com\/sg\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/#primaryimage"},"image":{"@id":"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/int4-ec1-marketing-cms-oss.oss-eu-central-1.aliyuncs.com\/sites\/9\/2023\/11\/asset_fx_update.png","datePublished":"2023-10-20T07:28:58+00:00","dateModified":"2023-11-23T15:24:25+00:00","description":"Our monthly FX market update keeps you updated on the latest market movements for the major currencies.","breadcrumb":{"@id":"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/#primaryimage","url":"https:\/\/int4-ec1-marketing-cms-oss.oss-eu-central-1.aliyuncs.com\/sites\/9\/2023\/11\/asset_fx_update.png","contentUrl":"https:\/\/int4-ec1-marketing-cms-oss.oss-eu-central-1.aliyuncs.com\/sites\/9\/2023\/11\/asset_fx_update.png"},{"@type":"BreadcrumbList","@id":"https:\/\/www.worldfirst.com\/sg\/fx-update-august-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.worldfirst.com\/sg\/"},{"@type":"ListItem","position":2,"name":"fx update August 2023"}]},{"@type":"WebSite","@id":"https:\/\/www.worldfirst.com\/sg\/#website","url":"https:\/\/www.worldfirst.com\/sg\/","name":"WorldFirst SG","description":"","publisher":{"@id":"https:\/\/www.worldfirst.com\/sg\/#organization"},"alternateName":"WorldFirst","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.worldfirst.com\/sg\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.worldfirst.com\/sg\/#organization","name":"WorldFirst SG","url":"https:\/\/www.worldfirst.com\/sg\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.worldfirst.com\/sg\/#\/schema\/logo\/image\/","url":"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/07\/20250123032021991.png","contentUrl":"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2023\/07\/20250123032021991.png","width":238,"height":34,"caption":"WorldFirst SG"},"image":{"@id":"https:\/\/www.worldfirst.com\/sg\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.worldfirst.com\/sg\/wp-json\/wp\/v2\/pages\/18582"}],"collection":[{"href":"https:\/\/www.worldfirst.com\/sg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.worldfirst.com\/sg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldfirst.com\/sg\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldfirst.com\/sg\/wp-json\/wp\/v2\/comments?post=18582"}],"version-history":[{"count":0,"href":"https:\/\/www.worldfirst.com\/sg\/wp-json\/wp\/v2\/pages\/18582\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.worldfirst.com\/sg\/wp-json\/wp\/v2\/media?parent=18582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}