Singapore Dollar Climbs To 17-day High Against US And Hong-Kong Dollars

The Singapore dollar climbed to a 17-day high against its US and Hong Kong counterparts during Monday's early trading. The Singapore currency also showed strength against the euro but ticked down against its UK counterpart.

The Singapore dollar strengthened in Monday's early dealings versus the Hong Kong dollar, and hit as high as 5.3961. This set a 17-day high for the pair. At last week's New York session close, the pair was quoted at 5.3806. On the upside, the next likely target level for the pair is seen around the 5.413 level.

During early Asian trading on Monday, the Singapore dollar showed strength against its US counterpart. The Singapore dollar advanced to a 17-day high of 1.4366 against the greenback by 8:50 pm ET and this may be compared to last week's close of 1.4405. The pair is presently worth 1.4381 with 1.434 seen as the next target level.

Across the Atlantic, the Chicago July national activity index is scheduled to be released at 8:30 am ET.

The Singapore dollar advanced against its European counterpart in early Asian deals on Monday. The Singapore currency that was worth 2.0636 against the euro at Friday's New York session close reached 2.0601. If the Singapore currency climbs further, 2.051 is seen as the next downside target level.

In the European session, the Euro-zone June industrial new orders are scheduled for release.

The Singapore dollar started ticking down against its UK counterpart during Monday's early Asian trading. The Singapore currency thus moved from 2.3714 to 2.3790 by 9:55 pm ET. The pair that was worth 2.3783 at Monday's New York session close is trading at 2.3762.