The Singapore dollar strengthened against the U.S. dollar in the Asian session on Friday.
Against the greenback, the Singapore dollar rose to a 3-month high of 1.3397 from an early low of 1.3436. At yesterday’s close, the Singapore dollar was trading at 1.3417 against the greenback.
If the Singapore dollar extends its uptrend, it is likely to find resistance around the 1.32 area.
Traders await the nation’s industrial production data for March, due shortly.
The material has been provided by InstaForex Company – www.instaforex.com