RTTN:Singapore Dollar Off 10-1/2-month Low Against U.S. Dollar
The Singapore dollar that fell sharply against the U.S. dollar in Asian morning trading on Wednesday wiped out its losses and stabilised in subsequent deals.
The Singapore dollar is now trading at 1.2696 against the greenback, off its 10-1/2-month low of 1.2726 hit in prior deals. At yesterday's close, the pair was worth 1.2707.
In economic news, Singapore producer prices decreased at a faster rate in April, data released by Statistics Singapore showed.
The producer price index for the manufacturing sector fell 7.3 percent on an annual basis in April, after falling 7 percent in March.
