According to the latest report from the United Overseas Bank Treasury and Market Research Department, the Singapore dollar slightly weakened against the US dollar during Thursday’s Asian trading session due to market expectations that the Federal Reserve may pause interest rate cuts. Federal Reserve Board member Cook recently expressed caution regarding inflation, and several other Fed officials share similar concerns. Analysts indicate that unless inflation further slows and there are no significant negative surprises in the labor market, the Federal Reserve’s policy interest rate is expected to remain unchanged for some time.
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Federal Reserve interest rate cut expectations cool down, US dollar strengthens across the board, squeezing Asian currencies' room to move
According to the latest report from the United Overseas Bank Treasury and Market Research Department, the Singapore dollar slightly weakened against the US dollar during Thursday’s Asian trading session due to market expectations that the Federal Reserve may pause interest rate cuts. Federal Reserve Board member Cook recently expressed caution regarding inflation, and several other Fed officials share similar concerns. Analysts indicate that unless inflation further slows and there are no significant negative surprises in the labor market, the Federal Reserve’s policy interest rate is expected to remain unchanged for some time.