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
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.