Singapore Dollar Weakens Slightly on Fed Rate-Increase Prospects -- Market Talk

Dow Jones10:55

0255 GMT - The Singapore dollar weakens slightly against its U.S. counterpart in the Asian session on prospects of Fed rate increases that typically enhance the appeal of U.S. dollar-denominated fixed-income assets. The minutes of the FOMC's April meeting due out this week are likely to be hawkish, CBA's global economic & markets research team says in a research report. Three members of the FOMC dissented from the "easing bias" in the post-meeting statement, CBA notes. Market participants are reassessing upward their expectations for U.S. interest rates. The U.S. dollar is 0.1% higher at 1.2815 Singapore dollars, LSEG data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 17, 2026 22:55 ET (02:55 GMT)

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