Singapore Dollar Edges Higher on Reduced Fed Rate-hike Prospects
Dow Jones10:39
0239 GMT - The Singapore dollar strengthens slightly against its U.S. counterpart in Asia. The weaker-than-expected U.S. nonfarm payrolls report released overnight has pared Fed rate-hike expectations, two strategists at OCBC Group Research say in a report. This has weighed on the greenback, they write. Based on technical analysis, two-way trades are likely for now, with slight risk for "downside retracement" of the U.S. dollar against the Singapore dollar, the strategists add. The U.S. dollar is 0.1% lower at 1.2911 Singapore dollars, FactSet data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 02, 2026 22:39 ET (02:39 GMT)
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