Singapore Dollar Edges Higher Amid Reduced Fed Rate-hike Expectations

Dow Jones10:42

0242 GMT - The Singapore dollar strengthens slightly against its U.S. counterpart in the Asian session amid reduced Fed rate-hike expectations. "U.S. June CPI inflation moderated for the first time in six years," Maybank analysts say in a foreign-exchange research and strategy report. "Probability of a [Fed] rate hike in July has slumped to just 16% from 40%+ seen yesterday." Maybank remains constructive on the Singapore dollar given prevailing conditions, including Singapore's strong growth and controlled inflation. The U.S. dollar is 0.1% lower at 1.2899 Singapore dollars, according to LSEG data. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 14, 2026 22:42 ET (02:42 GMT)

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