Home sales rebounded in the first two months of the year with an increase in new starts.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent.
Spot gold rose 0.5 percent to $1,224.70 per ounce at 0313 GMT after touching $1,225.76.
The Singapore dollar has fallen 0.64% against the USD this week, moving off a 4-month high of 1.3975 fetched earlier in the week.
The Nikkei PMI came in at 51.4 down from 51.6 in Jan. The Feb SIPMM indicator was also down to 50.9 from 51.0.
The overnight policy rate is held at 3%.
Retail sales numbers came better than expected but industrial output was below expectations. CPI data is due on Friday.
The SGD is trading near two-month high versus the Hong Kong dollar too.
So far this month, the Singapore dollar is 0.5% up against the greenback, adding to the 2.7% rally in January.
Trump is scheduled to address a joint session of the lawmakers on Feb 28.
The bank said it considered the weakness of economic activity and uncertainty about the speed of convergence of inflation to its target.
The MAS core inflation measure has surged to 1.5% y-y from 1.2%, beating market consensus of 1.3% rise.
China and Singapore will hold a series of meetings in Beijing on February 27.
It was estimated the loss was equivalent to roughly 4% of ABB's 2016 net profit of $1.96 billion.
The UK economy expanded only 2% y-y in Q4, less than 2.2% flashed in the preliminary estimate.