The Singapore dollar fell versus its American counterpart Wednesday morning in New York. The Singapore currency strengthened in the early morning before beginning to fall just after 3 am ET. At 8:40 am, the Singapore dollar fell to an intraday low of 1.5453 after the release of stronger-than-expected American retail sales data sent the dollar higher. The Singapore currency rebounded somewhat after that, fetching a mark of 1.5431 at 9:37 am. This is compared to an intraday high of 1.5398 at 3:10 am.
The Indonesian rupiah slid against the American dollar Wednesday morning in New York. After advancing in the early morning, the Indonesian currency slid around 3 am ET, reaching an intraday low of 9095.00 at 3:30 am. The rupiah rebounded from some of its losses after that before leveling off. At 9:15 am, the Indonesian currency traded at a mark of 9083.00 against its American counterpart.
The South Korean won edged lower against the dollar Wednesday morning in New York. After gaining sharply late Tuesday, the South Korean currency lost its gains during the early morning. At 9:50 am ET, the won traded at a mark of 932.099. This is compared to an intraday high of 930.5999 at 12:10 am.
South Korean total household credit rose 10.9% to 586.52 trillion won from the previous year in the first quarter, Bank of Korea said Tuesday. This followed an 11.6% increase in the prior quarter. Outstanding amount of loans to households rose 10.9% to 555.28 trillion won, while merchandize credit amounted to 31.24 trillion won, up 11.9% over the prior year.
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