ND: Singapore Dollar Falls To 4-day Low Against Euro
In early trading on Friday, the Singapore dollar edged down to a 4-day low against the European currency as Singapore's manufacturing output decreased for the second consecutive month in November.
The Economic Development Board said today manufacturing output declined 7.5% in November from the previous year. Economists had predicted an annual drop of 16.1%.
At about 4:20 am ET, the Singapore dollar slipped to a 4-day low of 2.0358 per euro. The next downside target level for the Singapore currency is seen at 2.042.
