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Singapore Dollar Slips To 5-day Low Against Greenback

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The Singapore dollar showed weakness against its US counterpart on Monday morning in Asia. The domestic currency that closed last week's deals at 1.3908 against the greenback reached a 5-day low of 1.3925 around 8:55 pm ET. Currently, the pair is trading at 1.3919 with 1.395 seen as the next target level.

Singapore will provide December figures for non-oil domestic exports, which analysts predict to have risen 22 percent on year following the 8.7 percent annual expansion in November. The electronics non-oil domestic exports number is forecast to ease 0.2 percent on year after surging an annual 19.8 percent in the previous month.

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