The Singapore dollar was largely uncertain against the greenback Monday morning in New York. The Singapore experienced mostly choppy trading through the early-to-mid morning. At 9:45 am ET, the Singapore currency fetched a mark of 1.5375 against its American counterpart. This is compared to an intraday high of 1.5361 at 9:10 am and an intraday low of 1.5390 at 2:10 am ET. Traders considered data showing that Singapore`s non-oil domestic exports growth topped expectations in May.
The South Korean won retreated against the American dollar Monday morning in New York. The South Korean currency experienced mostly choppy trading against its American counterpart until losing ground after 9 am ET. At 9:49 am, the won fetched a mark of 928.200 against the greenback. This is compared to an intraday high of 927.000 at 12:10 am and an intraday low of 927.900 at 9:20 am. Traders considered a report that the South Korean finance ministry expressed a confident outlook on the country`s economy.
The Indonesian rupiah advanced versus the greenback Monday morning in New York. The Indonesian currency gained steadily during the early morning before leveling off somewhat at 5 am ET. At 9:56 am ET, the rupiah fetched a mark of 8898.00 against its American counterpart. This is compared to an intraday low of about 9040.00 at about 12:30 am.
Singapore Non-Oil Domestic Exports grew 3.7% year-over-year in May, the statistical office indicated Monday. This compares to 0.4% fall in April. Economists were looking for 1.7% growth in May. The growth was led by stronger expansion of non-electronic NODX. On a monthly comparison, non-oil domestic exports advanced 1.4%, reversing 7.2% decline last month. Non-Oil Retained Imports of Intermediate Goods iimproved 2.5%, after recording decline for nine straight months. On a monthly basis, NORI expanded 23% compared to 3.8% fall last month.
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