Singapore dollar strengthened slightly against its U.S. counterpart in the Asian session, aided by U.S. President-elect Trumpβs nomination of Scott Bessent as Treasury Secretary.
SGβs stock jumped 20% on the announcement, which came five weeks after the company reiterated guidance for an annual underlying profit of between A$88 million and A$95 million.
Gold edged lower in early Asian trading. A pullback after reaching highs was likely, as investors are still in the mood to reduce their gold positions, Nanhua Futures said.