The Singapore dollar weakened against the U.S. dollar in the late Asian session on Monday, after data showed that the nation's consumer prices declined further in April.

Data from Ministry of Trade and Industry showed that the consumer prices fell by 0.5 percent from last year, confounding expectations for an increase of 0.1 percent. This was the sixth consecutive fall in prices. In March, prices were down 0.3 percent.

Month-on-month, consumer prices dropped 0.6 percent reversing a 0.2 percent rise in March. Core consumer prices were down 0.3 percent compared to a 0.1 percent fall a month ago.

Against the greenback, the Singapore dollar fell to a 1-month low of 1.3420. At Friday's close, the Singapore dollar was trading at 1.3356 against the greenback.

If the Singapore dollar extends its downtrend, it is likely to find support around the 1.338 area.

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