Singapore Dollar Falls To 2-day Low Against U.S. Dollar
July 04 2023 - 10:52PM
RTTF2
The Singapore dollar weakened against the U.S. dollar in the
late Asian session on Wednesday.
In economic news, data from the Department of Statistics showed
that Singapore retail sales rose 1.8 percent annually in May,
compared to an increase of 3.7 percent in April.
On a seasonally adjusted basis, retail sales declined to 0.2
percent in May, in contrast to the 0.5 percent gain in the previous
month.
Against the greenback, the Singapore dollar fell to a 2-day low
of 1.3523 from an early high of 1.3489. At yesterday's close, the
Singapore dollar was trading at 1.3495.
If the Singapore dollar extends its downtrend, it is likely to
find support around the 1.36 region.
US Dollar vs SGD (FX:USDSGD)
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