Singapore Dollar Consolidates Ahead of FOMC Meeting -- Market Talk

Dow Jones12-17 11:53

0353 GMT - The Singapore dollar consolidates against its U.S. counterpart in the Asian trading session ahead of the Federal Reserve's two-day FOMC meeting that begins later today. With a rate cut of 25 bps widely anticipated, Fed Chair Powell's press conference and messaging on the rate trajectory will be much more important for markets, MUFG Bank's Michael Wan says in a research report. "Overall, sentiment in the U.S. remains relatively positive into the holidays," the senior currency analyst says. USD/SGD is little changed at 1.3499. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

December 16, 2024 22:53 ET (03:53 GMT)

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