Singapore Dollar Consolidates; Likely to Remain Subdued Ahead of MAS Decision

Dow Jones
07/22

0304 GMT - The Singapore dollar consolidates against its U.S. counterpart in the Asian session, with trading likely to be subdued before the Monetary Authority of Singapore's monetary-policy decision due out next Monday, analysts say. "With markets already leaning towards no change, the tone of the statement may matter more than the decision itself," two strategists at OCBC Group Research say in a report. "A balanced hold should see limited SGD reaction, while greater emphasis on lagged imported inflation or renewed domestic price pressures could keep" the Singapore dollar nominal effective exchange rate firm, the strategists add. The U.S. dollar is little changed at 1.2916 Singapore dollars, LSEG data show. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 21, 2026 23:04 ET (03:04 GMT)

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