Against the Hong Kong currency, the Singapore dollar traded higher during early deals on Monday. At 12:05 am ET, the pair reached a 4-day high of 5.4930, compared to 5.4733 hit late New York Friday. If the Singapore currency gains further, 5.51 is seen as the next target level.

Singapore will announce its purchasing managers' index data for September, which is forecast to show a score of 54.5 - up marginally from 54.4 in August. Minus electronics, the index is expected to ease to 55 from the current 55.2.

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