Singapore Dollar Rises To Near 3-week High Against U.S. Dollar
February 26 2015 - 3:06AM
RTTF2
The Singapore dollar strengthened against the U.S. dollar ahead
of European deals on Thursday.
Meanwhile, data from the Economic Development Board showed that
Singapore industrial production rose 0.9 percent year-on-year in
January, much slower than economists' expectations for a 3.3
percent rise.
Against the greenback, the Singapore dollar rose to a near
3-week high of 1.3512 from an early low of 1.3550. At yesterday's
close, the Singapore dollar was trading at 1.3528 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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