Singapore dollar consolidates as U.S.-Iran conflict risks lift oil
In the Asian session, the Singapore dollar consolidates versus the U.S. dollar. Market talk links potential pressure to renewed U.S.-Iran conflict, citing higher crude oil prices and firmer Fed rate-hike expectations.
The Singapore dollar consolidates against its U.S. counterpart in the Asian session, but may be weighed by renewed U.S.-Iran conflict that has led to higher crude oil prices.
The combination of Brent oil price above $90 per barrel and firmer Fed rate-hike expectations is an "unfavorable mix" for As…