0407 GMT - The Singapore dollar consolidates against its U.S. counterpart in the Asian trading session, ahead of the two-day Federal Open Market Committee meeting. Market participants expect the FOMC to deliver a rate cut, with the Summary of Economic Projections showing a subtle shift in risk emphasis rather than a wholesale dovish turn, DBS Group Research's Philip Wee says in commentary. "Recent speeches suggest more officials are recognizing that downside employment risks outweigh upside inflation risks," the senior FX strategist says. USD/SGD is flat at 1.2972, LSEG data show. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
December 08, 2025 23:07 ET (04:07 GMT)
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