Singapore Dollar Sees Weakness Against Majors, Tuesday, July 31, 2007 6:14:21 PM

The Singapore dollar was weaker against its major counterparts on Tuesday in New York. The currency fell against the greenback and pound and was little moved against the euro. There was no major economic news from Singapore on Tuesday.

The Singapore dollar was down against the greenback on Tuesday in New York. The currencies were range-bound until about 9 a.m. ET when the Singapore dollar began to drop sharply for about two hours. It edged back higher through mid-day trading and was generally level from there. The pair was at 1.5145 at 6 p.m. ET.

The Singapore dollar was little changed against the euro on Tuesday in New York. The currency fell in the late morning but edged back in the early afternoon. The currencies traded at 2.0732 at 6:05 p.m. ET.

The Singapore dollar was down slightly against the sterling on Tuesday in New York. The currency gained in the early hours but then trended down for the rest of the morning and into the afternoon. It reached as low as 3.0860 at 1 p.m. ET. The Singapore currency moved back higher in the afternoon and traded at 3.0780 at 6:10 p.m. ET.

Copyright © 2007 RTTNews.com. All Rights Reserved.