The Singapore dollar that fell sharply against the U.S. dollar in Asian morning trading on Wednesday wiped out its losses and stabilised in subsequent deals.
The Singapore dollar is now trading at 1.2696 against the greenback, off its 10-1/2-month low of 1.2726 hit in prior deals. At yesterday's close, the pair was worth 1.2707.
In economic news, Singapore producer prices decreased at a faster rate in April, data released by Statistics Singapore showed.
The producer price index for the manufacturing sector fell 7.3 percent on an annual basis in April, after falling 7 percent in March.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.