Moody’s raised the outlook for Singapore banks to stable from negative on Wednesday, citing stabilizing commodity prices and improving growth conditions.
The dollar fell against most currencies on Tuesday, weighed by a drop in U.S.
May 30- The following table shows rates for Asian currencies against the dollar at 0138 GMT. Currency Latest bid Previous day Pct Move Japan yen 110.810 111.24 +0.39 Sing dlr 1.387 1.3861- 0.04 Korean won 1123.100 1121.7- 0.12 Baht 34.130 34.123- 0.02 Peso 49.880 49.82- 0.12 Rupiah 13330.000 13320- 0.08 Rupee 64.485 64.49 0.00 Ringgit 4.281 4.2705 -0.25.
Britain's pound was the only substantive mover among major currencies on Monday.
The dollar rose to a one-week high on Friday after upbeat U.S. gross domestic product data while Britain's pound slipped.
The Canadian, Australian and New Zealand dollars all fell solidly on Thursday, tracking a drop in oil prices.
The dollar was on the defensive on Thursday, with investors low on incentives to buy the greenback.
The dollar struggled to recover ground against other major currencies on Tuesday.
Inflation in Singapore remained benign overall in April, data on Tuesday showed, but that’s largely because housing costs continued to fall.
The dollar slipped to a more than six-month low against a basket of currencies on Monday.
The dollar was on track to record its worst week since August on Friday, having given up almost all the gains made since Trump was elected.
The U.S. dollar rose against a basket of major currencies on Thursday.
The yen rose to its highest in two weeks and the Swiss franc hit a seven-week high against the U.S. dollar on Wednesday.
Singapore's non-oil domestic exports (NODX), closely watched for clues on economic growth, fell in April, belying expectations for growth.
The euro surged more than 1 percent against a broadly weaker dollar on Tuesday, rising above $1.10.
The Canadian dollar hit its highest level in two weeks and the Australian dollar was at a 10-day high.
The U.S. dollar fell on Friday, easing from a roughly two-month high against the yen.
The New Zealand and Canadian dollars sank on Thursday as domestic concerns outweighed a bounce in oil prices for the currencies.
Trump abruptly fired FBI Director James Comey in a move that shocked Washington and dampened some of this week's strong risk appetite.
Currency markets swung back to trading on the diverging outlooks for growth and tighter monetary policy.