Singapore Dollar Climbs To 2-week High Against U.S. Dollar
November 19 2015 - 9:20PM
RTTF2
The Singapore dollar strengthened against the U.S. dollar in the
pre-European session on Friday.
In other economic news, data from the Department of Statistics
showed that Singapore's domestic wholesale sales plunged a
seasonally adjusted 9.6 percent quarter-on-quarter in the third
quarter, reversing a 8.0 percent climb in the previous quarter. On
an annual basis, domestic wholesale trade tumbled 26.0 percent in
the September quarter, faster than the 18.3 percent fall in the
second quarter.
Against the greenback, the Singapore dollar rose to a 2-week
high of 1.4100 from an early low of 1.4155. At yesterday's closing
quote, the Singapore dollar was trading at 1.4116 against the
greenback.
If the Singapore dollar extends its uptrend, it is likely to
find resistance around the 1.40 area.
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