USD/SGD Edges Higher as Fed Rate-Cut Bets Continue to Fade -- Market Talk

Dow Jones03-19

0516 GMT - USD/SGD edges higher in the afternoon Asian session as bets for Fed rate cuts continue to fade, bolstering the appeal of U.S. fixed-income assets and demand for the greenback. Recent U.S. inflation readings have spurred markets to trim bets further on a June rate cut, say Maybank analysts in a FX Research & Strategy report. While the Fed's dot plot released at the FOMC's December meeting indicated three rate cuts for this year, there's speculation that the number of rate cuts could be reduced, Maybank adds. USD/SGD is up 0.1% at 1.3412. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 19, 2024 01:16 ET (05:16 GMT)

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While the Fed's dot plot released at the FOMC's December meeting indicated three rate cuts for this year, there's speculation that the number of rate cuts could be reduced, Maybank adds. USD/SGD is up 0.1% at 1.3412. 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Recent U.S. ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USD","symbol_name":"ProShares Ultra Semiconductors","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2420293079","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2420293079","pubTimestamp":1710825360,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0516 GMT - USD/SGD edges higher in the afternoon Asian session as bets for Fed rate cuts continue to fade, bolstering the appeal of U.S. fixed-income assets and demand for the greenback. 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