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Name | Symbol | Market | Type |
---|---|---|---|
United States Dollar vs Singapore Dollar | FX:USDSGD | Forex | Exchange Rate |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0006 | -0.04% | 1.35946 | 1.35941 | 1.3595 | 1.3602 | 1.3577 | 1.36012 | 0 | 10:31:29 |
The Singapore dollar strengthened against the U.S. dollar ahead of European session on Thursday.
In economic news, data from the Department of Statistics showed that Singapore's retail sales growth slowed at a faster-than-expected pace in November. Retail sales advanced 6.5 percent year-on-year in November, slower than October's 8.2 percent climb. Economists had forecast the rate of growth to ease to 7.0 percent.
On a monthly basis, retail sales fell 0.7 percent in November, exceeding economists' expectations for a 0.2 percent slight decline. In October, sales plunged 1.2 percent.
Against the greenback, the Singapore dollar rose to a 3-day high of 1.3313 from an early low of 1.3350. At yesterday's close, the Singapore dollar was trading at 1.3339 against the greenback.
If the Singapore dollar extends its uptrend, it is likely to find resistance around the 1.32 area.
1 Year US Dollar vs SGD Chart |
1 Month US Dollar vs SGD Chart |
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