Singapore Dollar At 4-month High Against British Pound
25 Settembre 2009 - 2:56AM
RTTF2
The Singapore dollar edged higher to 2.2595 against the British
pound during early Asian deals on Friday. This set the highest
point for the Singapore currency since May 19, 2009. On the upside,
2.227 is seen as the next target level for the Singapore dollar.
The pair that closed yesterday's deals at 2.2785 is currently
trading at 2.2689.
Singapore's industrial output rose 12.3% in August on a yearly
basis, slower than a revised 17% growth the previous month, the
Economic Development Board Singapore said today. Economists
expected a growth of just 5%. However, excluding the biomedical
sector, output contracted 6.1%.
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