Singapore Dollar Falls To 6-day Low Against U.S. Dollar
June 23 2015 - 2:25AM
RTTF2
The Singapore dollar weakened against the U.S. dollar in the
late Asian session on Tuesday.
In other economic news, data from the Ministry of Trade and
Industry showed that Singapore's consumer price index fell 0.4
percent year-over-year in May, in line with expectations, following
a 0.5 percent decrease in April. Prices have been falling since
November last year.
Against the greenback, the Singapore dollar fell to a 6-day low
of 1.3396 from an early high of 1.3352. At yesterday's close, the
Singapore dollar was trading at 1.3335 against the greenback.
If the Singapore dollar extends its downtrend, it is likely to
find support around the 1.37 area.
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