Singapore Dollar Rises To Near 3-week High Against U.S. Dollar
October 08 2015 - 8:51PM
RTTF2
The Singapore dollar strengthened against the U.S. dollar in the
Asian session on Friday, as investor sentiment boosted after the
Federal Reserve's September meeting minutes indicated the U.S.
central bank isn't in a hurry to raise interest rates.
Against the greenback, the Singapore dollar rose to nearly a
3-week high of 1.3992 from an early low of 1.4054. At yesterday's
close, the Singapore dollar was trading at 1.4044 against the
greenback.
If the Singapore dollar extends its uptrend, it is likely to
find resistance around the 1.38 area.
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