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.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)