Singapore Dollar Steady Amid Fed Rate-Cut Prospects -- Market Talk

Dow Jones12-11

0302 GMT - The Singapore dollar is steady against its U.S. counterpart in the Asian session amid prospects for Fed rate cuts that typically diminish the allure of U.S. fixed-income assets. On Wednesday, Fed Chair Powell highlighted substantial downside risks to the U.S. labor market and signaled that rate increases aren't the base case, MUFG Bank's Lloyd Chan notes. The USD weakness following the FOMC meeting should broadly underpin the performance of Asian currencies, the senior currency analyst says in a research report. USD/SGD is steady at 1.2931, LSEG data show. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

December 10, 2025 22:02 ET (03:02 GMT)

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