USD/SGD Steady; Focus on U.S. CPI Data -- Market Talk

Dow Jones08-12

0316 GMT - USD/SGD is trading steadily in the Asian session, with the market's focus on U.S. July CPI data due out Wednesday. Consensus estimate is for core CPI to edge lower to 3.2% on year in July from 3.3% in June, Maybank analysts say in a FX Research & Strategy report. An inflation reading that meets this expectation would be most benign for markets, the analysts say. While such a reading may lead to further paring of aggressive Fed rate cut bets and USD might rise a bit more, better risk sentiment could slow USD's gains, the analysts add. USD/SGD is little changed at 1.3241. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

August 11, 2024 23:16 ET (03:16 GMT)

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While such a reading may lead to further paring of aggressive Fed rate cut bets and USD might rise a bit more, better risk sentiment could slow USD's gains, the analysts add. USD/SGD is little changed at 1.3241. 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Consensus estimate is for core CPI to edge lower to 3.2% on year in July ...</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":"2458613642","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2458613642","pubTimestamp":1723432560,"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":"0316 GMT - USD/SGD is trading steadily in the Asian session, with the market's focus on U.S. July CPI data due out Wednesday. 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