Oil prices could sink the Singapore dollar
📡 Barrons · 1 min read ·
Part of composite article Oil Prices Climb as Trump Rules Out Iran Strike Before Midterms, Easing Supply Fears View full article →
The Singapore dollar held steady against the U.S. dollar in Asian trading. But rising oil prices may soon push it lower.
Singapore imports almost all of its energy. When oil gets more expensive, the country pays more for fuel. That weakens the Singapore dollar over time.