Dropping from yesterday's new multi-week peak level, the Singapore currency trended lower against the US dollar on Thursday morning in Asia. The Singapore dollar touched 1.4468 against the greenback around 9:10 pm ET, down from Wednesday's New York session closing value of 1.444. In near-term, 1.449 is seen as the next target level for the pair.
Singapore is set to announce PMI figures for June, with forecasts calling for an index score of 51.9, up from 51.2 in May. The electronics PMI is called at 53.4, up from 52.9.
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