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Forex News: Singapore Dollar Trades At 4-day Low Against U.S.

Singapore Dollar Trades At 4-day Low Against U.S. Dollar

01/03/2020 - 02:47:00 (RTTNews)

(RTTNews) - The Singapore dollar weakened against the U.S. dollar in Asian deals on Friday, amid rising geopolitical tensions in the Middle East.

Crude oil prices jumped following reports that a top Iranian military commander, Major General Qassem Soleimani, has been killed in a U.S. drone strike in Baghdad.

The Singapore dollar declined to a 4-day low of 1.3499 against the greenback from yesterday's closing value of 1.3475. If the currency slides further, it may find support near the 1.36 level.

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