Asian currencies slipped on Tuesday against a firmer dollar as political uncertainty in Britain and the eurozone bogged down their respective currencies - shifting focus to the greenback. Sterling slipped after a poll showed British Prime Minister Theresa May's lead over the opposition Labour Party in upcoming elections dropped to 6 percentage points. The euro fell on concerns over a bailout for Greece, as eurozone finance ministers failed to agree with the International Monetary Fund last week on Greek debt relief. "A few polls in the UK highlighted what the market thought would be a soft Brexit turned out to be a hard Brexit," said Stephen Innes, a senior trader for currency broker OANDA. "This risk environment is weighing negatively on global sentiment." The dollar index moved up 0.33 percent as at 0632 GMT against a basket of currencies.
SINGAPORE DOLLAR The Singapore dollar was down about 0.12 percent against the dollar, extending its losses from Monday to fall to its lowest in nearly a week. "There's a bigger relation with the RMB complex," said OANDA's Innes. "Since the PBOC has been guiding the stronger fixes since last week, coupled with a ridiculous carry that has been imposed on the short CNH positions, the Singapore dollar is piggybacking movements on the underlying RMB." Reuters
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