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Australian dollar closes in on parity to Sing dollar

At close of Asian trade, it was A$1=S$1.0049; further weakening expected in the near term

Nisha Ramchandani

Nisha Ramchandani

Published Wed, Jul 8, 2015 · 09:50 PM

    Singapore

    THE Australian dollar fell to its lowest since 2009, trading at near parity against the Singapore dollar amid expectations that it could weaken further in the near term.

    At the close of Asian trading on Wednesday, one Australian dollar was worth S$1.0049 after hitting a low of S$1.0011 just after 4.30 pm.

    Australian dollarSingapore dollar

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