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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0047 | -0.35% | 1.3491 | 1.3486 | 1.3496 | 1.35405 | 1.34514 | 1.35378 | 0 | 22:04:09 |
The Singapore dollar weakened against the U.S. dollar in the late Asian session on Tuesday.
In economic news, data from the Economic Development Board showed that Singapore's industrial production fell 8.7 percent year-over-year in April, following a 5.5 percent drop in March. Economists had expected a 3.6 percent decrease for the month. This was the third consecutive decline in output.
Month-on-month, industrial production decreased a seasonally adjusted 5.8 percent in April, while economists' expected for a 1.1 percent increase.
Against the greenback, the Singapore dollar fell to nearly a 5-week low of 1.3477 from a early high of 1.3405. At yesterday's close, the Singapore dollar was trading at 1.3422 against the greenback.
If the Singapore dollar extends its downtrend, it is likely to find support around the 1.38 area.
1 Year US Dollar vs SGD Chart |
1 Month US Dollar vs SGD Chart |
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