Singapore’s Dollar Gains on Asian and Domestic Economic Data

The Singapore dollar had one of the best weekly performances since the beginning of the year as optimism towards the domestic and regional economies improved, allowing the Singaporean currency to gain towards the weekend.

After Singapore’s industrial production rose last month in the seasonally adjust annual rate as much as twice what forecasts suggested, the country’s dollar rose, with several countries in Asia, as South Korea and Malaysia also contributing for the optimism growth in the region this week.

USD/SGD ended the week at 1.4086 from as high as 1.4125 during the week.

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