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Greenback continues slide against Singdollar
Esther Teo
Tue, Nov 17, 2009
The Straits Times

THE greenback continued its slide, falling to a low of 1.3863 against the Singapore dollar yesterday as dismal economic data prompted investors to bail out of the American currency.

The dollar's dip did not quite reach the 15-month low last Wednesday of 1.3856 to the Singdollar, but the trend is clear with investors having no shortage of grim numbers to shake their faith in the United States currency.

There were the figures showing that the US trade gap in September was at its widest in more than a decade. And a report highlighting grim expectations for jobs and income prospects put consumers in their worst mood in three months, supporting predictions that US interest rates would remain near zero for a long time.


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