Singapore Dollar Weakens Ahead of U.S. Labor Data
The Singapore dollar weakened against the U.S. dollar ahead of U.S. labor data due this week, MUFG Bank's Lloyd Chan says. He said resilient employment could reinforce expectations for further Federal Reserve tightening, while high oil prices could pressure energy importers.
The Singapore dollar weakens against its U.S. counterpart ahead of U.S. labor data due this week. Resilient employment would reinforce expectations for further tightening from the Federal Reserve, while high oil prices will add pressure on energy importers, MUFG Bank's Lloyd Chan says in a report…