Singapore Dollar Mixed In Trading Against Majors
July 13 2009 - 8:49AM
RTTF2
Monday in Asia, the Singapore dollar showed mixed trading
against its major counterparts. While the Singapore dollar weakened
against the US and Hong Kong dollars, it gained against the pound
and the euro. The Singapore dollar thus rose to a 4-day high
against the pound.
During Asian deals on Monday, the Singapore dollar declined
against the Hong Kong dollar. At 1:05 am ET, the pair touched
5.2923, down from Friday's close of 5.2996. The next target level
for the Singapore dollar is seen at 5.287.
After a brief uptrend, the Singapore dollar slipped against the
U.S. currency during Asian deals on Monday. The pair moved from
1.4598 to 1.4648 by about 1:05 am ET. If the Singapore dollar drops
further, it may likely target the 1.466 level. At last week's
close, the pair was quoted at 1.4623.
In Asian trading on Monday, the Singapore dollar rose to 2.0371
against the euro. This may be compared to last week's close of
2.0382. The near term resistance level for the Singapore dollar is
seen at 2.030.
The Singapore dollar that closed Friday's trading at 2.3711
against the pound climbed to a 4-day high of 2.3575 in Asian deals
on Monday. On the upside, 2.341 is seen as the next target level
for the Singapore dollar.
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