Singapore Dollar Mixed In Trading Against Majors

Monday in Asia, the Singapore dollar showed mixed trading against its major counterparts. While the Singapore dollar weakened against the US and Hong Kong dollars, it gained against the pound and the euro. The Singapore dollar thus rose to a 4-day high against the pound.

During Asian deals on Monday, the Singapore dollar declined against the Hong Kong dollar. At 1:05 am ET, the pair touched 5.2923, down from Friday's close of 5.2996. The next target level for the Singapore dollar is seen at 5.287.

After a brief uptrend, the Singapore dollar slipped against the U.S. currency during Asian deals on Monday. The pair moved from 1.4598 to 1.4648 by about 1:05 am ET. If the Singapore dollar drops further, it may likely target the 1.466 level. At last week's close, the pair was quoted at 1.4623.

In Asian trading on Monday, the Singapore dollar rose to 2.0371 against the euro. This may be compared to last week's close of 2.0382. The near term resistance level for the Singapore dollar is seen at 2.030.

The Singapore dollar that closed Friday's trading at 2.3711 against the pound climbed to a 4-day high of 2.3575 in Asian deals on Monday. On the upside, 2.341 is seen as the next target level for the Singapore dollar.