0238 GMT - The Singapore dollar weakens slightly against its U.S. counterpart in the Asian session amid ongoing expectations of Fed rate hikes that enhance the appeal of U.S. dollar-denominated fixed-income assets. "A hawkish Fed reset under Chair Warsh has steadied Fed's policy credibility, lifted USD, and pressured EM FX," OCBC says in a research report. "This could continue to weigh on Asian FX, in particular, lower yielders and currencies sensitive to higher U.S. rates," it says. These include Korean won, Thai baht, and to some extent, Singapore dollar and Malaysian ringgit, the strategists add. The U.S. dollar is 0.1% higher at 1.2906 Singapore dollars, LSEG data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 18, 2026 22:38 ET (02:38 GMT)

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