0244 GMT - The Singapore dollar strengthens against its U.S. counterpart in the Asian trading session amid hopes for U.S.-China trade tensions easing. President Trump has begun to soften his stance, Maybank analysts say in a FX Research & Strategy report. They note a WSJ report, citing people familiar with the matter, that the Trump administration is mulling lowering steep tariffs on Chinese imports, in some cases by more than half. If China reciprocates by allowing talks to begin, the balance of risk is likely for a de-escalation rather than an intensification of conflict, the analysts add. USD/SGD is 0.2% lower at 1.3138. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 22:44 ET (02:44 GMT)
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