Singapore Dollar Slides To 4-day Low Against U.S. Dollar
November 22 2015 - 9:35PM
RTTF2
The Singapore dollar weakened against the U.S. dollar in the
pre-European session on Monday.
In other economic news, data from the Ministry of Trade and
Industry showed that Singapore's consumer price index fell 0.8
percent year-over-year in October, exceeding economists'
expectations for a 0.4 percent decrease. On a monthly basis,
overall consumer prices slid 0.4 percent in October, after showing
no variations in September.
Against the greenback, the Singapore dollar fell to 4-day low of
1.4196 from an early high of 1.4105. At Friday's close, the
Singapore dollar was trading at 1.4114 against the greenback.
If the Singapore dollar extends its downtrend, it is likely to
find support around the 1.43 area.
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