US$ falls as Asian appeal returns
Currency dips against those in Asia as investors pour money into regional stocks and bonds. -ST
Sat, May 23, 2009
The Straits Times
By Gabriel Chen
THE US dollar has fallen to a four-month low against the Singapore dollar and many other Asian currencies as foreign investors flock to put money into regional equities and bonds.
The plunge is one more swing in what has been a volatile period for the currency.
The Singdollar was trading at $1.4462 to the greenback yesterday. Yet, as recently as March2, the US dollar was at a year-high against the Singdollar - at $1.5544. So it has lost about 7per cent.
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