RTTNews, 16 Feb 2009
Monday, the Singapore dollar plummeted to new multi-day lows against its US and Hong Kong counterparts. On the other hand, the Singapore dollar fell from a 4-day high against the euro and the pound.
The Singapore dollar, which closed last week's trading at 5.1397 against the Hong Kong currency weakened to 5.1151 during early deals on Monday. This set the lowest point for the Singapore dollar since February 03. The next downside target level for the Singapore dollar is seen at 5.109.
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