The Singapore dollar has weakened slightly, influenced by a possible position adjustment.

During the Asian trading session, with trading volume light due to the holiday, the Singapore dollar weakened slightly against the US dollar due to possible positioning adjustments. The US dollar rose 0.1% against the Singapore dollar to 1.2620. The global economics and market research team at the Commonwealth Bank of Australia stated in a research report that the US dollar may consolidate this week. The team mentioned that the release of the Federal Open Market Committee meeting minutes for January and other US economic data such as the Personal Consumption Expenditures Price Index are unlikely to significantly alter the market's pricing of a rate cut by the Federal Reserve. The team added, "The market currently sees a high likelihood of a rate cut in June, which is also our view."