0325 GMT - The Singapore dollar consolidates against its U.S. counterpart in the Asian session, but may be weighed by dimming Fed rate-cut prospects. The Fed held rates steady as expected on Wednesday, but "dissent from regional Fed Presidents Hammack, Kashkari and Logan against retaining dovish forward guidance signaled a more hawkish tilt," two FX strategists at OCBC Group Research say in a report. This suggests rate increases are now seen as likely as rate cuts, the strategists add. The U.S. dollar is little changed at 1.2806 Singapore dollars, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 29, 2026 23:25 ET (03:25 GMT)
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