Singapore dollar strengthened against its U.S. counterpart amid falling Treasury yields that may diminish the allure of U.S. fixed-income assets and demand for the greenback.

U.S. stocks rose to a record as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year.

As the dollar prepares for its worst weekly loss in two months, global markets ride a wave of optimism fueled by Trump's trade chatter, while the yen steadies itself for a likely rate hike.