The Singapore dollar rose 0.1% to S$1.2848 against the U.S. dollar, buoyed by risk-on sentiment following a Wall Street Journal report suggesting President Trump might seek an off-ramp from the U.S. role in the Iran conflict. DBS Group Research’s Philip Wee cautions that while markets may build on Tuesday’s momentum, overextending bets ahead of the Good Friday long weekend carries a risk of a trap. Media reports also indicate U.S. troops are moving to the Middle East, raising questions about whether the off-ramp is a tactical smoke screen. Wee notes this uncertainty persists despite the currency’s slight gain.