Singapore Dollar Consolidates; Declines in Oil Prices May Support -- Market Talk

Dow Jones10:57

0257 GMT - The Singapore dollar consolidates against its U.S. counterpart in the Asian session, but may be supported by recent declines in crude oil prices, analysts say. "Lower oil prices should reduce pressure on trade balances and many regional currencies," MUFG Bank's Lloyd Chan says in a report. "While downside pressure on Asia FX will continue to ease as oil prices decline, a sustained recovery will likely require a dovish shift in market expectations of U.S. rates outlook," the senior currency analyst adds. The U.S. dollar is little changed at 1.2816 Singapore dollars, LSEG data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 16, 2026 22:57 ET (02:57 GMT)

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The U.S. dollar is little changed at 1.2816 Singapore dollars, LSEG data show. 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