USD/SGD Rises, Backed by Bets That Fed Will Keep Policy Tight for Now -- Market Talk

Dow Jones03-27

0352 GMT - USD/SGD rises during Asian trade, supported by bets that the Fed will maintain monetary policy tight for now. The Fed's patience in sustaining its current policy is still a key support for the USD Index, Westpac Strategy Group says in a note. U.S. economic data released so far this week has supported this stance and the central bank's continued data dependency, the group says. However, reduced liquidity could create short-term volatility in forex markets in the run-up to the PCE data release as well as month- and quarter-end rebalancing into the Easter holiday weekend, the group adds. USD/SGD is up 0.2% at 1.3477. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 26, 2024 23:53 ET (03:53 GMT)

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However, reduced liquidity could create short-term volatility in forex markets in the run-up to the PCE data release as well as month- and quarter-end rebalancing into the Easter holiday weekend, the group adds. USD/SGD is up 0.2% at 1.3477. 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The Fed's patience in sustaining its current policy is still a key support for ...</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":"BK4024","symbol_name":"房地产开发","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2422814549","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422814549","pubTimestamp":1711511580,"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":"0352 GMT - USD/SGD rises during Asian trade, supported by bets that the Fed will maintain monetary policy tight for now. 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