Singapore Dollar Steady as Investors Await Fed's Decision
Dow Jones11:44
0344 GMT - The Singapore dollar is steady against its U.S. counterpart. Markets are likely to focus on the Fed's guidance, particularly on whether higher energy prices and inflation risks would leave policymakers open to further tightening, says MUFG Bank's Lloyd Chan in a report. A hawkish tone would reinforce rate hike expectations, keep Treasury yields elevated, weighing broadly on Asian currencies, the senior currency analyst adds. The U.S. dollar is flat at 1.2813 Singapore dollars, LSEG data show.
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