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Singapore Dollar Slides To Near 10-month Low Against U.S. Dollar
(RTTNews) - The Singapore dollar weakened against the U.S. dollar in the Asian session on Wednesday.
Against the greenback, the Singapore dollar fell to nearly a 10-month low of 1.3640 from a recent high of 1.3607. At yesterday's close, the Singapore dollar was trading at 1.36012 against the greenback.
If the Singapore dollar extends its downtrend, it is likely to find support around the 1.38 area.
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Singapore Dollar Slides To 5-day Low Against U.S. Dollar
The Singapore dollar weakened against the U.S. dollar in the Asian session on Tuesday.
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The Singapore dollar weakened against the U.S. dollar in the late Asian session on Wednesday.
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Australian Market Slightly Higher
The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
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Hong Kong Bourse May Hand Back Wednesday's Gains
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Lower Open Anticipated For Taiwan Stock Market
The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
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Continued Consolidation Called For Singapore Shares
The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
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