South East Asian Currencies Generally Weaker Versus Dollar, Tuesday, June 05, 2007 12:47:12 PM

The South East Asian currencies were weak versus the dollar during Tuesday`s action in New York. The Singapore dollar traded with choppiness throughout the day. Meanwhile, the Indonesian rupiah fell versus the greenback after the release of stronger-than-expected American non-manufacturing ISM data.

The Singapore dollar was largely uncertain versus the greenback Tuesday in New York. After an early morning dominated by uncertain trading, the Singapore currency gained ground around 6 am ET. At 12:30 pm, the Singapore dollar fetched a mark of 1.5295, a mark in between its range of 1.5273 and 1.5312. Traders mulled an announcement that Singapore Press Holdings, Singapore Exchange, and FTSE Group agreed to develop a new set of stock indices for Singapore.

The Indonesian rupiah edged slightly lower against the dollar Tuesday in New York. After a morning marked by choppy trading, the rupiah slid after 10 am ET. The drop came after the release of stronger-than-expected non-manufacturing data from the United States. Traders considered a report showing that Indonesia`s inflation eased in May to its lowest level in six months.

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