Singapore Dollar Rises To 4-day High Against U.S. Dollar
March 23 2015 - 3:47AM
RTTF2
The Singapore dollar strengthened against the U.S. dollar in the
late Asian session on Monday.
Meanwhile, data from Statistics Singapore showed that
Singapore's consumer price index decreased 0.3 percent
year-over-year in February, exceeding economists' expectations for
a 0.2 percent decline. In January prices had fallen 0.4 percent.
This marked the fourth consecutive month of decline in prices.
Month-on-month, consumer prices edged up 0.1 percent in
February, in contrast to a 0.2 percent fall in the preceding
month.
Against the greenback, the Singapore dollar rose to a 4-day high
of 1.3749 from an early low of 1.3804. At Friday's close, the
Singapore dollar was trading at 1.3789 against the greenback.
If the Singapore dollar extends its uptrend, it is likely to
find resistance around the 1.34 area.
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