The Singapore dollar weakened against the U.S. dollar on Monday's Asian session, as country's non-oil exports shrank more than expected in February, led by sharp falls in shipments of pharmaceuticals and structures of ships and boats.
The report from the International Enterprise (IE) Singapore showed that non-oil domestic exports (NODX) contracted 30.6 percent year-on-year in February compared to forecasts for a 16 percent fall. This followed a 0.4 percent expansion in January.
The Singapore dollar that ended Friday's deals at 1.2478 against the greenback hit a 4-day low of 1.2520. On the downside, the Singapore dollar may seek 1.26 as next target level.
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Forex News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.