Singapore Dollar Weakens; Recovery in Risk Sentiment Remains Fragile -- Market Talk

Dow Jones03-24

0250 GMT - The Singapore dollar weakens against its U.S. counterpart in the Asian session, with the recovery in risk sentiment remaining fragile, analysts say. The recovery is conditional on a sustained de-escalation of the Middle East conflict, OCBC strategists say in a research report. Also, oil prices are still elevated versus pre-conflict levels, the strategists say. "The reopening timeline for the Strait of Hormuz remains uncertain, and the damage to energy infrastructure will take time to reverse," they add. The U.S. dollar is 0.2% higher at 1.2778 Singapore dollar, LSEG data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 23, 2026 22:50 ET (02:50 GMT)

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