Singapore Dollar Rises Against U.S. Dollar
April 23 2015 - 02:25AM
RTTF2
The Singapore dollar strengthened against the U.S. dollar in the
late Asian session on Thursday.
In economic news, data from the Department of Statistics showed
that consumer prices moved up on a monthly basis, coming in at 0.2
percent in March, slightly faster than December 0.1 percent
rise.
The consumer price index fell 0.3 percent year-over-year in
March, the same rate of decrease as in the previous month.
Economists had expected a 0.5 percent decline for the month.
Consumer prices have been falling since November last year. Against
the greenback, the Singapore dollar rose to 1.3445 from an early
low of 1.3496. At yesterday's close, the Singapore dollar was
trading at 1.3479 against the greenback.
If the Singapore dollar extends its uptrend, it is likely to
find resistance around the 1.33 area.
US Dollar vs SGD (FX:USDSGD)
Forex Chart
From Feb 2024 to Mar 2024
US Dollar vs SGD (FX:USDSGD)
Forex Chart
From Mar 2023 to Mar 2024