The Singapore dollar weakened against the U.S. dollar in the Asian session on Friday.
In the economic news, data from the Ministry of Trade and Industry showed that Singapore’s gross domestic product expanded just 1.5 percent on year in the fourth quarter of 2014. That was down from the 2.8 percent growth in the third quarter.
Against the greenback, the Singapore dollar fell to 1.3280 for the first time since September 2010 from an early high of 1.3221. At yesterday’s close, the Singapore dollar was trading at 1.3236 against the greenback.
If the Singapore dollar continues slide, it may find support near the 1.36 region.
Published: 2015-01-02 05:59:00 UTC+00
Singapore Dollar Slips To More Than 4-year Low Against U.S. Dollar
No comments:
Post a Comment