Singapore Dollar Steady; Geopolitics in Focus Amid UN Meeting

Dow Jones09-22 10:35

0235 GMT - The Singapore dollar is steady against its U.S. counterpart during the Asian trading session. Investors are focused on the United Nations General Assembly annual meeting, where leaders are expected to push for de-escalation in the Middle East, DBS strategists say in a note. They will also watch for signs if President Trump and Iranian President Masoud Pezeshkian will step back and open the door for negotiations. "The counterargument is that a return to diplomacy would reduce the risk of further monetary tightening and support risk appetite, reversing the USD's gains," DBS says. The U.S. dollar is little changed at 1.2758 Singapore dollars, LSEG data show.

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