In early trading on Monday, the Singapore dollar plunged to a new multi-month low against the Hong Kong dollar. At about 12:40 am ET, the pair touched 5.4942, down from last week's close of 5.5260. If the pair drops further, 5.40 is seen as the next target level.
In economic news, the Statistics Singapore announced today that the country's consumer price index, or CPI increased 6.5% year-over-year in July, slower than the 7.5% rise recorded in June. On a monthly basis, the CPI moved up 1.2% in July, and it grew 0.4% on seasonally adjusted basis. For January to July period, consumer prices increased 7% on an annual basis.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.