Singapore Dollar Consolidates; May Be Weighed by Dimming Fed Rate-Cut Prospects -- Market Talk
Dow Jones11:25
0325 GMT - The Singapore dollar consolidates against its U.S. counterpart in the Asian session, but may be weighed by dimming Fed rate-cut prospects. The Fed held rates steady as expected on Wednesday, but "dissent from regional Fed Presidents Hammack, Kashkari and Logan against retaining dovish forward guidance signaled a more hawkish tilt," two FX strategists at OCBC Group Research say in a report. This suggests rate increases are now seen as likely as rate cuts, the strategists add. The U.S. dollar is little changed at 1.2806 Singapore dollars, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 29, 2026 23:25 ET (03:25 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments