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Singapore Dollar Slides To 5-day Low Against U.S. Dollar
(RTTNews) - The Singapore dollar weakened against the U.S. dollar in the Asian session on Tuesday.
Against the greenback, the Singapore dollar fell to a 5-day low of 1.3685. At yesterday's close, the Singapore dollar was trading at 1.3661 against the U.S. dollar.
If the Singapore dollar extends its downtrend, it is likely to find support around the 1.38 area.
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The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
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