Singapore Dollar Falls to Near 3-Year Low Versus USD

        0157 GMT [Dow Jones] USD/SGD is likely to keeping rising now that it has surged past the round-figure trading barrier of 1.3000 --a level not seen since January 2012. The Singapore dollar is thus at its weakest versus the U.S. unit in almost three years. The next historical peak is the October 2011 high of 1.3199. The daily and weekly USD/SGD chart suggests more upside is available if the respective Bollinger uptrend channels are kept in play. The daily uptrend channel supports at 1.2982 and the weekly channel at 1.2867. Continued bullishness for USD/JPY remains the key factor propelling USD/SGD higher. USD/SGD is now 1.3016 from its Wednesday close of 1.3056. (ewen.chew@wsj.com)
        (END) Dow Jones Newswires

        November 19, 2014 20:57 ET (01:57 GMT)

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