Singapore Dollar Steady with Focus on MAS Decision
Dow Jones
Oct 06
0305 GMT - The Singapore dollar is steady against the greenback in Asia. It should continue taking cues from its U.S. counterpart and Treasury yields for now, OCBC FX strategists say in a report. The market's focus is gradually shifting to the Monetary Authority of Singapore's upcoming policy decision, that's expected this month, they add. MAS monetary policy is centered on the exchange rate owing to Singapore's small and open economy. The U.S. dollar is little changed at 1.2796 Singapore dollars, LSEG data show.
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