The Singapore dollar has strengthened, influenced by possible position adjustments.

The Singapore dollar strengthened against the US dollar, possibly due to position adjustments. Earlier, US President Trump stated that he would impose a 10% tariff on goods imported from some European countries to pressure Denmark to sell Greenland to the US. The Global Markets team at Oversea-Chinese Banking Corporation (OCBC) stated in a report that today's market sentiment is more cautious. They mentioned that Asian markets seem to be evaluating the expected response of the European Union to Trump's tariff threats. The team added that the focus seems to be on whether the EU will use the "anti-coercion mechanism," which allows actions such as confiscating company assets. Data from the London Stock Exchange Group shows that the US dollar fell by 0.2% against the Singapore dollar, at 1.2863 Singapore dollars.