Singapore Dollar Advances To Near 2-week High Against U.S. Dollar
April 17 2015 - 12:00AM
RTTF2
The Singapore dollar strengthened against the U.S. dollar in the
Asian session on Friday.
Meanwhile, data from trade agency International Enterprise
Singapore said in a statement that the nation's Non-oil domestic
exports advanced 18.5 percent on year in March. That follows the
9.7 percent contraction in February thanks to an expansion in both
electronic and non-electronic NODX, the stats bureau said.
Against the greenback, the Singapore dollar rose to nearly a
2-week high of 1.3486 from an early low of 1.3513. At yesterday's
close, the Singapore dollar was trading at 1.3498 against the
greenback.
If the Singapore dollar extends its uptrend, it is likely to
find resistance around the 1.33 area.
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