0236 GMT - The Singapore dollar weakens slightly against its U.S. counterpart in the Asian session amid conflicting signals on U.S. trade negotiations with other countries. Treasury Secretary Bessent said Sunday that he doesn't know whether President Trump and Chinese President Xi Jinping have talked about trade. Bessent's remarks come after Trump had said that the U.S. and China are engaged in talks and that he has been in contact with Xi. Meanwhile, China had denied talks are under way. However, breakthroughs in U.S. talks that could allow benefits for the U.S. may support a recovery of the greenback in the near term, says Jeff Ng, head of Asia Macro Strategy at SMBC, in commentary. USD/SGD is 0.1% higher at 1.3165. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 27, 2025 22:36 ET (02:36 GMT)
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