USD/SGD Edges Higher as Traders Await U.S. PCE Data -- Market Talk

Dow Jones04-26

0501 GMT - USD/SGD edges higher in the Asian afternoon session as traders await the U.S. PCE data, due later in the day, for clues on the future path of the Fed's monetary policy. The focus turns to this data, Charu Chanana, head of foreign-exchange strategy at Saxo Markets, says in a commentary. Markets have pushed out expectations of Fed rate cuts for 2024, with the first full rate cut now only priced in for December, Chanana says. If the March core PCE price index comes in above 0.4% on month, it will probably fuel risk aversion, bringing USD strength, Chanana adds. USD/SGD is up 0.1% at 1.3605. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 26, 2024 01:01 ET (05:01 GMT)

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If the March core PCE price index comes in above 0.4% on month, it will probably fuel risk aversion, bringing USD strength, Chanana adds. USD/SGD is up 0.1% at 1.3605. 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The focus turns to ...</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":"2430621580","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430621580","pubTimestamp":1714107660,"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":"0501 GMT - USD/SGD edges higher in the Asian afternoon session as traders await the U.S. PCE data, due later in the day, for clues on the future path of the Fed's monetary policy. The focus turns to this data, Charu Chanana, head of foreign-exchange strategy at Saxo Markets, says in a commentary. Markets have pushed out expectations of Fed rate cuts for 2024, with the first full rate cut now only priced in for December, Chanana says. If the March core PCE price index comes in above 0.4% on month, it will probably fuel risk aversion, bringing USD strength, Chanana adds. USD/SGD is up 0.1% at 1.3605. 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(ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 26, 2024 01:01 ET (05:01 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430621580"}